Fintel reports that on February 23, 2024, Benchmark initiated coverage of i3 Verticals (NasdaqGS:IIIV) with to buy recommendation
Analytical Price Forecast Suggests 33.45% Up
As of January 19, 2024, the average one-year price target for i3 Verticals is 28.71. The forecasts range from a low of 23.23 to a high of $37.80. The average price target represents a 33.45% increase from its last reported closing price of 21.51.
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The projected annual revenue for i3 Verticals is 412MM, an increase of 9.59%. The projected annual non-GAAP EPS is 1.86.
What is the Basic Sense?
There are 337 funds or institutions reporting positions in i3 Verticals. This is an increase of 7 owner(s) or 2.12% in the last quarter. Average portfolio weight of all funds dedicated to IIIV is 0.17%, a decrease of 13.05%. Total shares owned by institutions decreased in the last three months by 3.60% to 25,313K shares. IIIV’s put/call ratio is 0.05, indicating a bullish outlook.
What Are Other Shareholders Doing?
Geneva Capital Management holds 1,888K shares representing 8.11% ownership of the company. In its previous filing, the company reported owning 1,882K shares, representing an increase of 0.29%. The company decreased its portfolio allocation in IIIV by 46.07% during the last quarter.
Crosslink Capital holds 1,289K shares representing 5.54% ownership of the company. In its previous filing, the company reported owning 1,303K shares, representing decline of 1.09%. The company decreased its portfolio allocation in IIIV by 22.06% during the last quarter.
Ranger Investment Management holds 1,048K shares representing 4.50% ownership of the company. In its previous filing, the company reported owning 1,021K shares, representing an increase of 2.54%. The company decreased its portfolio allocation in IIIV by 6.17% during the last quarter.
Millennium Management holds 994K shares representing 4.27% ownership of the company. In its previous filing, the company reported owning 773K shares, representing an increase of 22.21%. The company increased its portfolio allocation in IIIV by 10.37% during the last quarter.
Hood River Capital Management holds 782K shares representing 3.36% ownership of the company. In its previous filing, the company reported owning 766K shares, representing an increase of 2.07%. The company decreased its portfolio allocation in IIIV by 12.42% during the last quarter.
i3 Vertical Background Information
(This description is provided by the company.)
Helping to drive the convergence of software and payments, i3 Verticals delivers seamlessly integrated payments and software solutions to small and medium-sized businesses and other organizations in strategic vertical markets, such as education, nonprofit, public sector and healthcare, and to the enterprise. -to-business payment market. With a comprehensive suite of payment and software solutions that address the specific needs of its clients in each strategic vertical market, i3 Verticals processed approximately $14.3 billion in total payment volume during the 12 months ended December 31, 2020.
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This story originally appeared on Fintel.
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