Ibotta, Inc. (NYSE:IBTA – Get Free Report) Director Thomas Lehrman sold 10,992 shares of Ibotta stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $32.91, for a total transaction of $361,746.72. Following the sale, the director directly owned 60,289 shares of the company’s stock, valued at approximately $1,984,110.99. This trade represents a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ibotta Price Performance
Shares of Ibotta stock traded down $0.39 during trading on Wednesday, hitting $32.33. 224,805 shares of the stock were exchanged, compared to its average volume of 290,643. The stock has a market cap of $653.07 million, a price-to-earnings ratio of -95.09 and a beta of -0.61. The firm’s 50-day moving average price is $30.58 and its 200 day moving average price is $26.28. Ibotta, Inc. has a 12-month low of $19.10 and a 12-month high of $62.74.
Ibotta (NYSE:IBTA – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.45. The business had revenue of $82.48 million during the quarter. Ibotta had a negative net margin of 2.15% and a negative return on equity of 2.39%. Ibotta’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. As a group, research analysts forecast that Ibotta, Inc. will post -0.62 earnings per share for the current year.
Institutional Investors Weigh In On Ibotta
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Ibotta by 2.0% in the third quarter. Rhumbline Advisers now owns 19,256 shares of the company’s stock valued at $536,000 after acquiring an additional 380 shares during the last quarter. CWM LLC lifted its position in 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 acquiring an additional 479 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ibotta by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock valued at $396,000 after buying an additional 515 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Ibotta by 34.6% in the third quarter. Quantbot Technologies LP now owns 2,420 shares of the company’s stock valued at $67,000 after buying an additional 622 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ibotta by 5.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,769 shares of the company’s stock valued at $404,000 after buying an additional 855 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on IBTA. Wall Street Zen raised shares of Ibotta from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Ibotta from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Needham & Company LLC lifted their price objective on shares of Ibotta from $33.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a research report on Friday, March 27th. Finally, Wells Fargo & Company boosted their price target on shares of Ibotta from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Ibotta has a consensus rating of “Reduce” and a consensus price target of $36.57.
View Our Latest Report on Ibotta
About Ibotta
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.
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