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Recommendations
i3 Verticals price target raised to $40 from $34 at DA Davidson » 09:04
02/09/21
02/09
09:04
02/09/21
09:04
IIIV

i3 Verticals

$33.77 /

+1.33 (+4.10%)

DA Davidson analyst Peter…

DA Davidson analyst Peter Heckmann raised the firm's price target on i3 Verticals to $40 from $34 and keeps a Buy rating on the shares. The company reported "solid" upside in Q1, while its FY21 guidance was also "nicely above forecasts" and supported by "accretive" M&A, the analyst tells investors in a research note.

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IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

01/06/21 BTIG
i3 Verticals price target raised to $37 from $33 at BTIG
01/06/21 BofA
i3 Verticals downgraded to Underperform from Buy at BofA
01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

  • 11
    Sep
Earnings
i3 Verticals sees FY21 adjusted EPS 93c-$1.06, consensus 99c » 16:15
02/08/21
02/08
16:15
02/08/21
16:15
IIIV

i3 Verticals

$33.77 /

+1.33 (+4.10%)

Sees FY21 revenue…

Sees FY21 revenue $198M-$214M, consensus $177.1M.

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IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

01/06/21 BTIG
i3 Verticals price target raised to $37 from $33 at BTIG
01/06/21 BofA
i3 Verticals downgraded to Underperform from Buy at BofA
01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

  • 11
    Sep
Earnings
i3 Verticals reports Q1 adjusted EPS 22c, consensus 21c » 16:14
02/08/21
02/08
16:14
02/08/21
16:14
IIIV

i3 Verticals

$33.77 /

+1.33 (+4.10%)

Reports Q1 revenue…

Reports Q1 revenue $43.3M, consensus $41.13M. Greg Daily, Chairman and CEO of i3 Verticals, commented, "We are pleased with our first quarter results. Our execution of our M&A strategy has driven our transformation into a software-led company. Software-related revenues have grown from 12% of our adjusted net revenue in the first quarter of fiscal 2018 to 36% of our adjusted net revenue during the first quarter of fiscal 2021. We are focused on expanding in this area. Our financial results continued to improve, despite the effects of COVID-19 related restrictions that were reinstituted during the holiday season, which slowed the progress of our payment volume recovery during the quarter. Several early 2021 trends will aid the recovery of our business, including a return to in-person schooling, additional financial stimulus and the deployment of vaccines. We are confident in our ability to deliver solid financial results in 2021."

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IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

01/06/21 BTIG
i3 Verticals price target raised to $37 from $33 at BTIG
01/06/21 BofA
i3 Verticals downgraded to Underperform from Buy at BofA
01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
IIIV i3 Verticals
$33.77 /

+1.33 (+4.10%)

  • 11
    Sep
Hot Stocks
i3 Verticals acquires substantially all assets of BIS for approximately $87.7M » 16:52
02/05/21
02/05
16:52
02/05/21
16:52
IIIV

i3 Verticals

$32.65 /

+1.38 (+4.41%)

i3 Verticals announced…

i3 Verticals announced the acquisition of substantially all of the assets of Business Information Systems, a business based in east Tennessee that provides software and electronic payment solutions in a variety of states. BIS will fit within the company's Public Sector vertical. The aggregate purchase price at the closing of this transaction was approximately $87.7M, consisting of $52.5M in cash and approximately $35.2M of Class A common stock. The transaction also includes contingent consideration of up to $16M, subject to the satisfaction of certain growth metrics over established time periods.

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IIIV i3 Verticals
$32.65 /

+1.38 (+4.41%)

IIIV i3 Verticals
$32.65 /

+1.38 (+4.41%)

01/06/21 BTIG
i3 Verticals price target raised to $37 from $33 at BTIG
01/06/21 BofA
i3 Verticals downgraded to Underperform from Buy at BofA
01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
IIIV i3 Verticals
$32.65 /

+1.38 (+4.41%)

  • 11
    Sep
Over a quarter ago
Recommendations
i3 Verticals price target raised to $37 from $33 at BTIG » 17:57
01/06/21
01/06
17:57
01/06/21
17:57
IIIV

i3 Verticals

$30.88 /

-1.6 (-4.93%)

BTIG analyst Mark Palmer…

BTIG analyst Mark Palmer raised the firm's price target on i3 Verticals to $37 from $33 and keeps a Buy rating on the shares. The analyst says the stock "fits the bill" of a potential acquisition target amid increasing deal activity in Integrated Payments space and with vaccine distribution set to lift its hospitality and retail vertical. Palmer adds that the resurgence of the pandemic in the U.S. could create some volatility around IIIV's payment volumes in the coming months, but he sees the near-term risks being outweighed by the upside optionality associated with a recovery in volumes.

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IIIV i3 Verticals
$30.88 /

-1.6 (-4.93%)

IIIV i3 Verticals
$30.88 /

-1.6 (-4.93%)

01/06/21 BofA
i3 Verticals downgraded to Underperform from Buy at BofA
01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
12/15/20 Stephens
i3 Verticals initiated with an Overweight at Stephens
IIIV i3 Verticals
$30.88 /

-1.6 (-4.93%)

  • 11
    Sep
Downgrade
i3 Verticals downgraded to Underperform from Buy at BofA » 06:55
01/06/21
01/06
06:55
01/06/21
06:55
IIIV

i3 Verticals

$32.48 /

-0.32 (-0.98%)

BofA analyst Jason…

BofA analyst Jason Kupferberg downgraded i3 Verticals to Underperform from Buy. The stock is up 60% over the past 2 months, and its risk/reward now tilts negative, the analyst tells investors in a research note.

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IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

01/06/21 BofA
i3 Verticals downgraded to Underperform from Neutral at BofA
12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
12/15/20 Stephens
i3 Verticals initiated with an Overweight at Stephens
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

  • 11
    Sep
Downgrade
i3 Verticals downgraded to Underperform from Neutral at BofA » 06:08
01/06/21
01/06
06:08
01/06/21
06:08
IIIV

i3 Verticals

$32.48 /

-0.32 (-0.98%)

BofA downgraded i3…

BofA downgraded i3 Verticals to Underperform from Neutral.

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IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

12/21/20 Piper Sandler
i3 Verticals initiated with an Overweight at Piper Sandler
12/15/20 Stephens
i3 Verticals initiated with an Overweight at Stephens
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
IIIV i3 Verticals
$32.48 /

-0.32 (-0.98%)

  • 11
    Sep
Initiation
i3 Verticals initiated with an Overweight at Piper Sandler » 06:22
12/21/20
12/21
06:22
12/21/20
06:22
IIIV

i3 Verticals

$32.55 /

+1.1 (+3.50%)

Piper Sandler analyst…

Piper Sandler analyst Christopher Donat initiated coverage of i3 Verticals with an Overweight rating and $37 price target. The analyst sees "significant opportunity" for i3 Verticals in the "fragmented" small- to mid-sized business market. He thinks the vertical payments space can be a way to play long-term themes like the digitization of payment volumes and merchants using payments gateways to pay for software and services.

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IIIV i3 Verticals
$32.55 /

+1.1 (+3.50%)

IIIV i3 Verticals
$32.55 /

+1.1 (+3.50%)

12/15/20 Stephens
i3 Verticals initiated with an Overweight at Stephens
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
08/11/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
IIIV i3 Verticals
$32.55 /

+1.1 (+3.50%)

  • 11
    Sep
Syndicate
i3 Verticals files to sell 183,499 shares of Class A common stock for holders  16:15
12/16/20
12/16
16:15
12/16/20
16:15
IIIV

i3 Verticals

$30.75 /

+1.12 (+3.78%)

 
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IIIV i3 Verticals
$30.75 /

+1.12 (+3.78%)

IIIV i3 Verticals
$30.75 /

+1.12 (+3.78%)

12/15/20 Stephens
i3 Verticals initiated with an Overweight at Stephens
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
08/11/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
IIIV i3 Verticals
$30.75 /

+1.12 (+3.78%)

  • 11
    Sep
Initiation
i3 Verticals initiated with an Overweight at Stephens » 16:14
12/15/20
12/15
16:14
12/15/20
16:14
IIIV

i3 Verticals

$29.65 /

+1.23 (+4.33%)

Stephens analyst Brett…

Stephens analyst Brett Huff initiated coverage of i3 Verticals with an Overweight rating and $37 price target. Given that 33% of the company's net revenue comes from integrated payments - which are higher-growth, stickier, and have better economics than regular acquiring - he sees the stock as undervalued, Huff said. He also thinks i3 can grow inorganically by acquiring smaller firms, the analyst said.

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IIIV i3 Verticals
$29.65 /

+1.23 (+4.33%)

IIIV i3 Verticals
$29.65 /

+1.23 (+4.33%)

09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
09/23/20 Raymond James
i3 Verticals upgraded to Strong Buy from Outperform at Raymond James
08/11/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
06/19/20 Cowen
i3 Verticals price target raised to $34 from $27 at Cowen
IIIV i3 Verticals
$29.65 /

+1.23 (+4.33%)

  • 11
    Sep

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