Shares of i3 Verticals Inc. (IIIV) surged 5.07% in pre-market trading on Monday, February 10, 2025, after the payment processing company received positive analyst coverage and was highlighted as an undervalued small-cap stock with insider buying activity.
KeyBanc reiterated its Overweight rating on IIIV and raised the price target to $32 from $27, citing the company's reaffirmed revenue guidance for fiscal 2025 and ongoing acquisition efforts in the public sector space to boost growth.
Meanwhile, a Simply Wall St report identified IIIV as one of the top undervalued U.S. small-cap stocks with recent insider purchases, suggesting management's confidence in the company's future prospects. The report noted that IIIV's CEO Gregory Daily acquired 88,544 shares between August and September 2024, demonstrating a bullish outlook.