i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) President Frederick Stanford sold 17,577 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the transaction, the president now directly owns 100,000 shares in the company, valued at approximately $2,528,000. This represents a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
i3 Verticals Stock Down 0.2 %
NASDAQ IIIV opened at $24.80 on Friday. The stock has a market cap of $831.79 million, a PE ratio of 5.57 and a beta of 1.53. The business has a 50 day moving average price of $23.16 and a two-hundred day moving average price of $22.07. i3 Verticals, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $26.66.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in i3 Verticals by 46.0% during the 1st quarter. Comerica Bank now owns 2,133 shares of the company's stock worth $49,000 after buying an additional 672 shares during the period. Quantbot Technologies LP purchased a new stake in shares of i3 Verticals during the third quarter worth about $109,000. SG Americas Securities LLC acquired a new position in shares of i3 Verticals in the second quarter worth about $116,000. Atom Investors LP purchased a new position in i3 Verticals in the third quarter valued at about $218,000. Finally, Sanctuary Advisors LLC acquired a new stake in i3 Verticals during the 2nd quarter valued at approximately $292,000. 84.22% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
The latest trend in real estate
From Pacaso | Ad
These vacation homes are often expensive to maintain and vacant 90% of the year. But thanks to co-ownership, they’re being transformed into fully utilized assets. And there’s one company that’s leading the charge – already welcoming over 1,500 happy homeowners into their co-ownership family, earning $100M in gross profits along the way.
Now, for the first time, this innovative company is opening its doors to public investors. Want to learn more about co-ownership and its potential? Check them out – but be aware: their share price is set to change December 5, so you don’t have long to maximize your stake.
Don’t miss your chance to maximize your stake in this co-ownership revolution.
Several research analysts recently weighed in on IIIV shares. BMO Capital Markets cut their target price on i3 Verticals from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Thursday, October 3rd. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price objective on shares of i3 Verticals in a research note on Monday, September 30th. KeyCorp decreased their target price on i3 Verticals from $28.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Benchmark restated a "buy" rating and issued a $33.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. Finally, Stephens reissued an "overweight" rating and issued a $29.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. Two equities 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.14.
Check Out Our Latest Report on i3 Verticals
i3 Verticals Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
