Ibotta (NYSE:IBTA) Given “Buy” Rating at Needham & Company LLC

Posted by Francis Steltz on Aug 4th, 2026

Ibotta (NYSE:IBTA – Get Free Report)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $45.00 price objective on the stock. Needham & Company LLC’s price objective indicates a potential upside of 85.03% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group reiterated a “sell” rating on shares of Ibotta in a research note on Tuesday. Zacks Research raised Ibotta from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen raised Ibotta from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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 note on Thursday, May 7th. Finally, Evercore set a $40.00 target price on Ibotta in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $33.83.

Check Out Our Latest Report on IBTA

Ibotta Price Performance

Shares of NYSE IBTA opened at $24.32 on Tuesday. The business has a 50-day moving average of $31.34 and a 200-day moving average of $28.90. The stock has a market capitalization of $491.26 million, a price-to-earnings ratio of -71.53 and a beta of -0.43. Ibotta has a fifty-two week low of $19.10 and a fifty-two week high of $40.49.

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

Insiders Place Their Bets

In other Ibotta news, major shareholder Jermoluk Founders Fund I. Clark sold 500,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.15, for a total value of $15,075,000.00. Following the completion of the sale, the insider owned 3,341,308 shares of the company’s stock, valued at $100,740,436.20. The trade was a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Luke Roy Swanson sold 5,940 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $35.14, for a total transaction of $208,731.60. Following the transaction, the chief technology officer owned 489,904 shares in the company, valued at approximately $17,215,226.56. The trade was a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 613,641 shares of company stock worth $18,702,987 in the last quarter. 20.92% of the stock is currently owned by corporate insiders.

Institutional Trading of Ibotta

Several large investors have recently modified their holdings of the stock. Essential Partners LLC raised its stake in Ibotta by 40,800.0% in the first quarter. Essential Partners LLC now owns 818 shares of the company’s stock valued at $25,000 after purchasing an additional 816 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ibotta during the 1st quarter worth approximately $39,000. New York State Teachers Retirement System acquired a new stake in shares of Ibotta during the 1st quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd increased its stake in Ibotta by 187.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Ibotta by 47,920.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company’s stock valued at $55,000 after purchasing an additional 2,396 shares in the last quarter.

Ibotta Company Profile

(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.