Ibotta (NYSE:IBTA) Shares Down 6.8% – Time to Sell?

Posted by Geri Gentry on May 11th, 2026

Shares of Ibotta, Inc. (NYSE:IBTA – Get Free Report) traded down 6.8% on Monday . The stock traded as low as $32.54 and last traded at $33.08. 35,854 shares were traded during mid-day trading, a decline of 87% from the average session volume of 284,628 shares. The stock had previously closed at $35.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore set a $40.00 target price on Ibotta in a research report on Thursday. Wells Fargo & Company lifted their target price on Ibotta from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday. Needham & Company LLC lifted their target price on Ibotta from $33.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Ibotta currently has an average rating of “Reduce” and a consensus target price of $36.57.

Check Out Our Latest Stock Analysis on Ibotta

Ibotta Stock Down 6.9%

The firm has a market capitalization of $667.81 million, a price-to-earnings ratio of -97.24 and a beta of -0.61. The stock has a 50 day moving average of $30.00 and a 200 day moving average of $26.25.

Ibotta (NYSE:IBTA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.45. Ibotta had a negative return on equity of 2.39% and a negative net margin of 2.15%.The business had revenue of $82.48 million during the quarter. During the same quarter last year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts predict that Ibotta, Inc. will post -0.62 earnings per share for the current year.

Ibotta declared that its board has approved a stock buyback plan on Wednesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Ibotta

In related news, insider Marisa Daspit sold 2,956 shares of Ibotta stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $24.06, for a total value of $71,121.36. Following the sale, the insider directly owned 127,597 shares in the company, valued at $3,069,983.82. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 20.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new stake in shares of Ibotta in the 1st quarter worth approximately $39,000. Meeder Asset Management Inc. bought a new stake in shares of Ibotta in the 1st quarter worth $39,000. CWM LLC lifted its holdings in shares of Ibotta by 50.8% in the third quarter. CWM LLC now owns 1,422 shares of the company’s stock valued at $40,000 after buying an additional 479 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Ibotta by 187.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after buying an additional 1,185 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Ibotta by 47,920.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company’s stock worth $55,000 after acquiring an additional 2,396 shares during the period.

About Ibotta

(Get Free Report)

Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.

Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.