Views of Wall Street’s Leading Experts on i3 Verticals Inc.

i3 Verticals Inc. (NASDAQ: IIIV) stock jumped 3.94% on Wednesday to $25.08 against a previous-day closing price of $24.13. With 0.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $25.23 whereas the lowest price it dropped to was $23.95. The 52-week range on IIIV shows that it touched its highest point at $30.26 and its lowest point at $17.80 during that stretch. It currently has a 1-year price target of $29.86. Beta for the stock currently stands at 1.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IIIV was up-trending over the past week, with a rise of 12.57%, but this was up by 15.84% over a month. Three-month performance surged to 1.95% while six-month performance rose 7.18%. The stock gained 21.45% in the past year, while it has gained 10.05% so far this year. A look at the trailing 12-month EPS for IIIV yields -0.77 with Next year EPS estimates of 1.81. For the next quarter, that number is 0.36. This implies an EPS growth rate of -651.50% for this year and 15.32% for next year.

Float and Shares Shorts:

At present, 22.23 million IIIV shares are outstanding with a float of 21.33 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.1 million, which was 4.96% higher than short shares on Sep 14, 2022. In addition to Mr. Gregory S. Daily as the firm’s Chairman & CEO, Mr. Frederick Stanford serves as its Pres.

Institutional Ownership:

Through their ownership of 95.63% of IIIV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.38% of IIIV, in contrast to 54.50% held by mutual funds. Shares owned by individuals account for 37.51%. As the largest shareholder in IIIV with 8.44% of the stake, Geneva Capital Management LLC holds 1,878,547 shares worth 1,878,547. A second-largest stockholder of IIIV, BlackRock Fund Advisors, holds 1,302,081 shares, controlling over 5.85% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in IIIV, holding 1,237,124 shares or 5.56% stake. With a 2.95% stake in IIIV, the Nationwide Geneva Small Cap Growt is the largest stakeholder. A total of 656,191 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.64% of IIIV stock, is the second-largest Mutual Fund holder. It holds 588,059 shares valued at 12.8 million. iShares Russell 2000 ETF holds 2.19% of the stake in IIIV, owning 487,439 shares worth 10.61 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IIIV since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IIIV analysts setting a high price target of $36.00 and a low target of $23.00, the average target price over the next 12 months is $31.17. Based on these targets, IIIV could surge 43.54% to reach the target high and fall by -8.29% to reach the target low. Reaching the average price target will result in a growth of 24.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. IIIV will report FY 2023 earnings on 11/23/2023. Analysts have provided yearly estimates in a range of $1.60 being high and $1.53 being low. For IIIV, this leads to a yearly average estimate of $1.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. i3 Verticals Inc. surprised analysts by $0.03 when it reported $0.39 EPS against a consensus estimate of $0.36. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.36.

Summary of Insider Activity:

Insiders traded IIIV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 7,500 while 7,500 shares were sold.

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