i3 Verticals (IIIV) to Release Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is expected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect i3 Verticals to post earnings of $0.28 per share and revenue of $58.79 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

i3 Verticals Stock Performance

Shares of IIIV opened at $24.97 on Tuesday. The company has a market capitalization of $837.49 million, a PE ratio of 5.61 and a beta of 1.49. The stock has a fifty day moving average of $23.85 and a two-hundred day moving average of $23.18. i3 Verticals has a fifty-two week low of $17.54 and a fifty-two week high of $26.66.

Insider Activity

In other news, President Frederick Stanford sold 17,577 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total value of $444,346.56. Following the completion of the transaction, the president now directly owns 100,000 shares of the company’s stock, valued at $2,528,000. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 59.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on IIIV. Stephens reaffirmed an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.14.

i3 Verticals Company Profile

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.