i3 Verticals (IIIV)

• Market cap: $553M
• 1 day: -1.91%
• 5 days: -4.80%
• 1 month: -20.39%
• 3 months: 0.30%
• 6 months: 9.61%
• Year to date: 1.42%
• 1 year: 4.37%
• 5 years: -6.38%
• 10 years: 28.72%
• Sector: Industrials
• Industry: Business Services

About: i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Public Sector and Healthcare. The company generates maximum revenue from the Public Sector segment.

Employees: 1,663

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

4,019% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $48K

146% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 13

26% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 43

11% more funds holding

Funds holding: 137 [Q3] → 152 (+15) [Q4]

7% more capital invested

Capital invested by funds: $476M [Q3] → $507M (+$31.6M) [Q4]

0.25% less ownership

Funds ownership: 93.87% [Q3] → 93.63% (-0.25%) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $26 10% upside
• Avg. target: $30 26% upside
• High target: $34 44% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Morgan Stanley James Faucette 65% 1-year accuracy 17 / 26 met price target	14% upside $27	Equal-Weight Maintained	12 Feb 2025
DA Davidson Peter Heckmann 47% 1-year accuracy 22 / 47 met price target	44% upside $34	Buy Maintained	10 Feb 2025
BMO Capital Rufus Hone 63% 1-year accuracy 15 / 24 met price target	10% upside $26	Market Perform Maintained	10 Feb 2025
Keybanc Alex Markgraff 52% 1-year accuracy 14 / 27 met price target	35% upside $32	Overweight Maintained	10 Feb 2025