i3 Verticals, Inc. (NASDAQ:IIIV) Short Interest Update

i3 Verticals, Inc. (NASDAQ:IIIV) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 911,300 shares, an increase of 20.1% from the January 15th total of 758,500 shares. Based on an average trading volume of 267,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 4.2% of the company’s stock are short sold.

i3 Verticals Stock Up 1.0 %

IIIV stock opened at $29.07 on Monday. The stock has a market cap of $975.01 million, a P/E ratio of 6.47 and a beta of 1.51. i3 Verticals has a twelve month low of $18.75 and a twelve month high of $29.80. The business’s 50-day moving average price is $24.47 and its 200-day moving average price is $23.41.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.59%. On average, equities research analysts expect that i3 Verticals will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the transaction, the president now owns 100,000 shares of the company’s stock, valued at approximately $2,528,000. This trade represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 59.07% of the company’s stock.

Institutional Trading of i3 Verticals

Several institutional investors have recently made changes to their positions in IIIV. Johnson Financial Group Inc. bought a new position in i3 Verticals in the 4th quarter worth approximately $72,000. KLP Kapitalforvaltning AS purchased a new position in shares of i3 Verticals in the fourth quarter worth $99,000. Quantbot Technologies LP bought a new position in shares of i3 Verticals during the third quarter worth $109,000. CIBC Private Wealth Group LLC grew its stake in i3 Verticals by 52.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock valued at $126,000 after acquiring an additional 1,809 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in i3 Verticals by 688,600.0% during the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock valued at $159,000 after acquiring an additional 6,886 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Analyst Ratings Changes

IIIV has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. KeyCorp upped their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. BMO Capital Markets boosted their price target on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Finally, DA Davidson increased their price objective on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, i3 Verticals currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.