Key Points
- Director Thomas Lehrman sold 8,154 Ibotta shares at an average price of $36.08, generating $294,196.32. His remaining 22,115 shares represent a 26.94% reduction in ownership.
- Ibotta shares opened at $38.11 and have risen 6.3%, with a 52-week range of $19.10 to $40.49 and a market capitalization of approximately $769.8 million.
- Analyst sentiment remains cautious: Ibotta has a consensus “Reduce” rating and a $36.50 price target, despite several institutional investors increasing their positions.
Ibotta, Inc. (NYSE:IBTA - Get Free Report) Director Thomas Lehrman sold 8,154 shares of the firm's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $36.08, for a total transaction of $294,196.32. Following the sale, the director owned 22,115 shares of the company's stock, valued at approximately $797,909.20. This represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ibotta Stock Up 6.3%
NYSE:IBTA opened at $38.11 on Friday. The stock has a market cap of $769.82 million, a price-to-earnings ratio of -81.08 and a beta of -0.44. The company's 50 day moving average price is $31.75 and its 200-day moving average price is $29.65. Ibotta, Inc. has a 52 week low of $19.10 and a 52 week high of $40.49.
Hedge Funds Weigh In On Ibotta
Several institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC raised its position in shares of Ibotta by 29.4% during the 4th quarter. Hsbc Holdings PLC now owns 993,977 shares of the company's stock valued at $22,210,000 after purchasing an additional 226,021 shares during the period. Renaissance Technologies LLC raised its holdings in Ibotta by 17.7% during the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company's stock valued at $7,172,000 after acquiring an additional 35,992 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of Ibotta in the fourth quarter valued at about $526,000. Bank of America Corp DE boosted its stake in shares of Ibotta by 17.8% in the first quarter. Bank of America Corp DE now owns 239,167 shares of the company's stock worth $7,168,000 after acquiring an additional 36,223 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 2,396 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on IBTA shares. UBS Group lifted their price objective on Ibotta from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Evercore set a $42.00 price objective on shares of Ibotta in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Ibotta from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Ibotta in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Ibotta in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Ibotta has a consensus rating of "Reduce" and a consensus price target of $36.50.
View Our Latest Research Report on IBTA
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.
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