i3 Verticals (NASDAQ:IIIV) Issues FY 2022 Earnings Guidance

i3 Verticals (NASDAQ:IIIVGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $1.40-$1.47 for the period, compared to the consensus EPS estimate of $1.41. The company issued revenue guidance of $300.00 million-$312.00 million, compared to the consensus revenue estimate of $299.53 million.

Several brokerages have issued reports on IIIV. BTIG Research decreased their price objective on shares of i3 Verticals from $42.00 to $31.00 and set a buy rating for the company in a research note on Wednesday, January 26th. TheStreet raised shares of i3 Verticals from a d+ rating to a c- rating in a research note on Wednesday, March 16th. Morgan Stanley lifted their price target on shares of i3 Verticals from $24.50 to $26.50 and gave the company an equal weight rating in a research note on Thursday, February 10th. Finally, Zacks Investment Research raised shares of i3 Verticals from a sell rating to a hold rating in a research note on Friday, March 4th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, i3 Verticals currently has a consensus rating of Buy and an average target price of $30.90.

Shares of i3 Verticals stock traded up $0.52 on Thursday, hitting $23.54. 206,464 shares of the company traded hands, compared to its average volume of 173,520. The company has a market cap of $759.92 million, a PE ratio of -74.26, a PEG ratio of 3.62 and a beta of 1.40. The stock’s 50 day moving average price is $26.49 and its 200-day moving average price is $24.15. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.88. i3 Verticals has a 52 week low of $17.80 and a 52 week high of $32.97.

i3 Verticals (NASDAQ:IIIVGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.26. i3 Verticals had a negative net margin of 2.34% and a positive return on equity of 7.03%. During the same quarter last year, the business earned $0.14 EPS. As a group, research analysts anticipate that i3 Verticals will post 0.42 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Salem Investment Counselors Inc. purchased a new position in i3 Verticals in the fourth quarter worth $44,000. UBS Group AG grew its holdings in i3 Verticals by 177.9% in the third quarter. UBS Group AG now owns 1,798 shares of the company’s stock worth $44,000 after purchasing an additional 1,151 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in i3 Verticals by 440.7% in the third quarter. BNP Paribas Arbitrage SA now owns 4,407 shares of the company’s stock worth $107,000 after purchasing an additional 3,592 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in i3 Verticals by 7.0% in the third quarter. Cubist Systematic Strategies LLC now owns 8,588 shares of the company’s stock worth $208,000 after purchasing an additional 561 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in i3 Verticals by 226.4% in the fourth quarter. Citigroup Inc. now owns 9,499 shares of the company’s stock worth $216,000 after purchasing an additional 6,589 shares during the last quarter. 65.21% of the stock is currently owned by institutional investors.

i3 Verticals Company Profile (Get Rating)

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

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