Analysts Offer Insights on Technology Companies: I3 Verticals (IIIV), Fortinet (FTNT) and Monday.com (MNDY)
This article summarizes recent analyst activity for three technology companies: I3 Verticals (IIIV), Fortinet (FTNT), and Monday.com (MNDY). D.A. Davidson maintained a Buy rating on I3 Verticals, while William Blair maintained a Hold rating on Fortinet, which was also downgraded by Scotiabank. D.A. Davidson also maintained a Buy rating on Monday.com, and KeyBanc reiterated its Buy rating.
Analysts Offer Insights on Technology Companies: I3 Verticals (IIIV), Fortinet (FTNT) and Monday.com (MNDY)
Analysts from D.A. Davidson and William Blair have provided insights on technology companies I3 Verticals (IIIV), Fortinet (FTNT), and Monday.com (MNDY). Peter Heckmann maintained a Buy rating for I3 Verticals, Jonathan Ho maintained a Hold for Fortinet (with Scotiabank downgrading to Hold), and Lucky Schreiner maintained a Buy rating for Monday.com (with KeyBanc also maintaining a Buy). These reports highlight current analyst consensus ratings and price targets for each company.
i3 Verticals boosts outlook after acquisition and buyback
i3 Verticals reported modest Q1 2026 revenue growth but softened profitability, with recurring revenue showing strong growth. The company boosted its full-year 2026 outlook following the acquisition of a software provider and the authorization of a new share repurchase program, signaling confidence in its software-driven strategy. Analysts currently rate IIIV stock as a Hold with a $21.00 price target.
I3 Verticals Inc (NASDAQ:IIIV) Reports Mixed Q1 2025 Results Amid Strategic Pivot
I3 Verticals Inc (IIIV) reported mixed Q1 2025 results, with revenue slightly missing analyst expectations but adjusted EPS edging ahead. The company is undergoing a strategic pivot towards a recurring software revenue model in the public sector, highlighted by 24% SaaS revenue growth and a strategic acquisition. Despite flat total revenue growth and margin compression, the company reaffirmed its full-year outlook, signaling confidence in its strategic direction.
i3 Verticals Reports First Quarter 2026 Financial Results
i3 Verticals, Inc. reported its financial results for the first fiscal quarter ended December 31, 2025, with revenue from continuing operations reaching $52.7 million and annualized recurring revenue growing by 8.4% to $169.6 million. The company also announced the acquisition of a motor vehicle insurance verification software company for $60.0 million cash and up to an additional $20.0 million in contingent consideration, effective January 1, 2026. i3 Verticals updated its fiscal year 2026 outlook, increasing its revenue and Adjusted EBITDA guidance.
i3 Verticals (NASDAQ: IIIV) launches new $60M stock buyback plan
i3 Verticals (NASDAQ: IIIV) has announced a new share repurchase program, authorizing the buyback of up to $60 million of its Class A common stock. This new program replaces a fully utilized prior authorization and will conclude by February 4, 2027, or when the full amount is spent. The repurchases can be made through various channels, subject to market conditions and regulatory compliance, and do not obligate the company to acquire a specific amount of shares.
i3 verticals CRO Christians sells $78k in shares
i3 Verticals Chief Revenue Officer Paul Christians sold 3,292 shares of Class A common stock for $78,283 on November 26, 2025. This transaction occurred amidst mixed analyst sentiment following i3 Verticals' strong fiscal fourth-quarter results, which exceeded Wall Street expectations. While the company reported higher-than-forecast EPS and revenue, some analysts adjusted price targets downwards due to a fiscal year 2026 outlook that fell short of some expectations.
i3 verticals CRO Christians sells $78k in shares By Investing.com
i3 Verticals Chief Revenue Officer Paul Christians sold 3,292 shares of Class A common stock for approximately $78,283 on November 26, 2025. This transaction leaves him with 54,818 shares directly owned. The sale follows mixed analyst sentiment after the company reported strong fiscal fourth-quarter results but a conservative fiscal year 2026 outlook.
i3 verticals CRO Christians sells $78k in shares
Paul Christians, the Chief Revenue Officer of i3 Verticals Inc. (NASDAQ: IIIV), sold 3,292 shares of Class A common stock for a total of $78,283. This transaction occurred on November 26, 2025, and leaves Christians with 54,818 shares directly owned. The sale follows i3 Verticals reporting strong fiscal fourth-quarter results, exceeding Wall Street expectations for EPS and revenue, although analysts have provided mixed adjustments to price targets based on varying outlooks for the company.
i3 verticals CRO Christians sells $78k in shares By Investing.com
i3 Verticals (NASDAQ: IIIV) Chief Revenue Officer Paul Christians sold 3,292 shares of Class A common stock for $78,283 on November 26, 2025. This transaction leaves him with 54,818 shares. The company recently reported strong fiscal fourth-quarter results exceeding Wall Street expectations, despite several analysts adjusting price targets due to mixed sentiment regarding future outlook.
i3 verticals CRO Christians sells $78k in shares By Investing.com
i3 Verticals' Chief Revenue Officer, Paul Christians, sold 3,292 shares of Class A common stock for a total of $78,283. This transaction occurred on November 26, 2025, with shares priced at $23.78 each. The sale comes after the company reported strong fiscal fourth-quarter results that exceeded Wall Street expectations, though analyst price targets have seen adjustments reflecting mixed sentiment.
i3 Verticals, Inc. SEC 10-K Report
i3 Verticals, Inc. (IIIV) has released its annual 10-K report, detailing revenue growth to $213.2 million, despite a decrease in net income primarily due to the prior year's sale of the Merchant Services Business. The company, which provides mission-critical enterprise software to the public sector, is focusing on strategic acquisitions and maintaining a strong liquidity position for future expansion. Key challenges include cybersecurity risks, competitive pressures, and regulatory compliance.
I3 VERTICALS INC-CLASS A (NASDAQ:IIIV) Stock Falls on Weak FY2026 Guidance Despite Q4 Beat
I3 Verticals Inc-Class A (NASDAQ:IIIV) reported a mixed financial picture for its Q4 and full fiscal year 2025, beating analyst estimates for revenue and adjusted EPS in the fourth quarter. Despite its strategic shift to a pure-play public sector software provider and strong annual recurring revenue growth, the stock fell appproximately 9.1% in after-market trading due to weak financial guidance for fiscal year 2026, which fell below analyst expectations. The company's future stock performance will likely depend on its ability to surpass its own conservative outlook.
I3 VERTICALS Earnings Results: $IIIV Reports Quarterly Earnings
I3 VERTICALS (IIIV) reported its quarterly earnings on November 17th, with an EPS of $0.27, surpassing estimates by $0.02, and revenue of $54.9 million, exceeding estimates by $142,524. Insider trading activity for IIIV shows three sales and no purchases in the past six months, while institutional investors have both increased and decreased their positions. Wall Street analysts have issued three buy ratings with a median price target of $39.0.
i3 Verticals Reports Fourth Quarter and Full Fiscal Year 2025 Financial Results
i3 Verticals, Inc. (Nasdaq: IIIV) has released its financial results for the fourth quarter and full fiscal year ended September 30, 2025. The company reported a 7.0% increase in fourth-quarter revenue from continuing operations to $54.9 million, and an 11.5% increase for the full fiscal year to $213.2 million. Notably, SaaS revenue grew by 23% compared to the prior year, and the company announced a new contract with the Supreme Court of Appeals of West Virginia for its case management software.
i3 Verticals, Inc. Hits New 52-Week High at $33.97
i3 Verticals, Inc. has reached a new 52-week high of $33.97, reflecting a significant 70.96% increase over the past year, outperforming the S&P 500. Despite being a loss-making company with a market capitalization of USD 1,001 million, it shows a return on equity of 3.02% and a unique financial structure with a negative debt-to-equity ratio. This performance highlights its strong market dynamics within the Software Products industry.
Weiss Ratings Reaffirms Buy (B-) Rating for i3 Verticals (NASDAQ:IIIV)
Weiss Ratings has reaffirmed a "buy (B-)" rating for i3 Verticals (NASDAQ:IIIV), indicating a positive outlook for the company. Multiple brokerages have increased price targets for IIIV, and insider trading activity shows sales by General Counsel Paul Maple and CRO Paul Christians.
65,528 Shares in i3 Verticals, Inc. $IIIV Purchased by TD Asset Management Inc
TD Asset Management Inc. has acquired a new position in i3 Verticals, Inc. (NASDAQ:IIIV) by purchasing 65,528 shares valued at approximately $1.8 million, representing about 0.20% ownership of the company. Other institutional investors have also adjusted their stakes, with Harbor Capital Advisors Inc. increasing its position significantly. Analyst ratings for i3 Verticals are predominantly positive, reflecting a "Moderate Buy" consensus with an average price target of $34.33, while insider transactions in recent months show some share sales.
Earnings call transcript: i3 Verticals Q2 2025 sees EPS beat, stock steady
i3 Verticals (IIIV) reported its Q2 2025 earnings, with an EPS of $0.32, beating the forecast of $0.30, though revenue of $63.1 million came in slightly below expectations. Despite a minor premarket stock decline, the company showcased strong performance in SaaS and recurring revenue, with RemainCo revenues up 11.6% and adjusted EBITDA rising 17%, driven by a strategic focus on public sector verticals and recent acquisitions. The company maintained its FY2025 RemainCo revenue guidance and anticipates continued organic growth and EBITDA margin improvement, while actively pursuing small, targeted acquisitions to expand its market presence.
i3 Verticals Reports First Quarter 2025 Financial Results
i3 Verticals, Inc. (Nasdaq: IIIV) reported its fiscal first-quarter financial results ending December 31, 2024, showing a significant increase in revenue and net income from continuing operations. The company reaffirmed its 2025 outlook, highlighting strong growth in SaaS and payments revenue following the divestment of its merchant services business. Management anticipates continued positive momentum, supported by a strong balance sheet and favorable financial trends.
i3 Verticals, Inc. SEC 10-K Report
i3 Verticals, Inc. has released its Form 10-K report for the fiscal year ended September 30, 2024, highlighting significant financial growth, strategic initiatives, and industry challenges. The report details a substantial increase in net income due to the sale of its Merchant Services Business, alongside continued focus on its Public Sector and Healthcare vertical markets through organic growth and strategic acquisitions. The company also outlines various risks, including cybersecurity, reliance on third-party providers, and competitive market pressures, while reaffirming its commitment to future growth and capital management.
i3 Verticals Completes Sale of Merchant Services Business
i3 Verticals, Inc. (NASDAQ: IIIV) has successfully closed the sale of its merchant services business and associated proprietary technology to Payroc WorldAccess, LLC for approximately $438 million in cash. Following the divestiture, i3 Verticals will focus solely on its vertical market software business in the Public Sector (including Education) and Healthcare verticals. Additionally, the company announced Geoff Smith as its new Chief Financial Officer and Clay Whitson as the newly appointed Chief Strategy Officer.
i3 Verticals Inc Reports Q3 2024 Revenue of $56.0 Million and GA
i3 Verticals Inc reported Q3 2024 revenue of $56.0 million, a 2% decrease year-over-year, and a net loss of $13.8 million. Despite the revenue dip, Annualized Recurring Revenue (ARR) grew by 4% to $181.3 million. The company announced a $50 million share repurchase program and completed an acquisition of a permitting and licensing business as it shifts focus to public sector, education, and healthcare markets.
i3 Verticals, Inc. Announces Pricing of Exchangeable Notes Offering
i3 Verticals, Inc. announced the pricing of its subsidiary's offering of $120 million aggregate principal amount of 1.00% exchangeable senior notes due 2025. The notes are exchangeable into cash, Class A common stock, or a combination, with an initial exchange price of approximately $40.87 per share. The company plans to use a portion of the proceeds to pay for exchangeable note hedge transactions and reduce outstanding debt under its senior secured credit facility.
