Ibotta, Inc. (NYSE:IBTA - Get Free Report) insider Marisa Daspit sold 720 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $50.01, for a total value of $36,007.20. Following the sale, the insider owned 115,539 shares of the company's stock, valued at $5,778,105.39. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marisa Daspit also recently made the following trade(s):
- On Friday, October 30th, Marisa Daspit sold 102 shares of Ibotta stock. The stock was sold at an average price of $50.08, for a total transaction of $5,108.16.
- On Thursday, October 29th, Marisa Daspit sold 144 shares of Ibotta stock. The shares were sold at an average price of $50.00, for a total value of $7,200.00.
- On Thursday, October 22nd, Marisa Daspit sold 499 shares of Ibotta stock. The shares were sold at an average price of $50.15, for a total value of $25,024.85.
- On Wednesday, October 21st, Marisa Daspit sold 247 shares of Ibotta stock. The stock was sold at an average price of $50.00, for a total transaction of $12,350.00.
- On Wednesday, September 2nd, Marisa Daspit sold 2,956 shares of Ibotta stock. The stock was sold at an average price of $37.46, for a total transaction of $110,731.76.
- On Tuesday, September 1st, Marisa Daspit sold 1,712 shares of Ibotta stock. The shares were sold at an average price of $37.01, for a total value of $63,361.12.
Ibotta Stock Up 3.6%
Shares of NYSE:IBTA opened at $62.52 on Thursday. Ibotta, Inc. has a 52-week low of $19.10 and a 52-week high of $66.39. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -93.31 and a beta of -0.46. The business has a 50-day moving average price of $43.40 and a 200-day moving average price of $33.24.
Ibotta (NYSE:IBTA - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.49. The firm had revenue of $97.83 million for the quarter. Ibotta had a negative return on equity of 5.40% and a negative net margin of 4.49%. Ibotta's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, equities analysts anticipate that Ibotta, Inc. will post 0.29 EPS for the current fiscal year.
More Ibotta News
Here are the key news stories impacting Ibotta this week:
- Positive Sentiment: Strong Q3 results: Revenue rose 17.4% year over year to $97.83 million, while adjusted earnings of $0.62 per share exceeded estimates. Third-party publisher redemption revenue increased 43%, pointing to a recovery in a key growth channel. Article: Ibotta beats Q3 earnings and revenue estimates
- Positive Sentiment: Q4 outlook topped expectations: Ibotta guided to revenue of $94 million–$98 million, above the $93.3 million consensus estimate. Article: Why Ibotta rallied
- Neutral Sentiment: Analyst views improved, but targets are below the stock’s recent level: Goldman Sachs upgraded Ibotta from Sell to Neutral and raised its target to $58; Citigroup raised its target to $60 but maintained a Neutral rating. The upgrades and target increases are constructive, while the targets imply limited near-term upside at the current price. Article: Goldman Sachs upgrades Ibotta to Neutral
- Negative Sentiment: Insider selling: CTO Luke Swanson and another insider reported share sales. The transactions were made under pre-arranged Rule 10b5-1 plans, which may reduce their significance as a signal about near-term business prospects. SEC insider transaction filing
Institutional Investors Weigh In On Ibotta
A number of institutional investors have recently modified their holdings of IBTA. Hsbc Holdings PLC increased its stake in shares of Ibotta by 1.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company's stock valued at $30,581,000 after purchasing an additional 15,310 shares in the last quarter. Renaissance Technologies LLC boosted its position in Ibotta by 17.7% during the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company's stock worth $7,172,000 after purchasing an additional 35,992 shares in the last quarter. Bank of America Corp DE boosted its position in Ibotta by 17.8% during the first quarter. Bank of America Corp DE now owns 239,167 shares of the company's stock worth $7,168,000 after purchasing an additional 36,223 shares in the last quarter. Sei Investments Co. purchased a new position in Ibotta during the first quarter worth approximately $344,000. Finally, Engineers Gate Manager LP acquired a new stake in Ibotta in the second quarter valued at approximately $328,000.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Citigroup upped their price objective on shares of Ibotta from $34.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday. The Goldman Sachs Group raised shares of Ibotta from a "sell" rating to a "neutral" rating and raised their target price for the stock from $35.00 to $58.00 in a report on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of Ibotta in a research report on Monday, September 21st. Needham & Company LLC upped their price target on shares of Ibotta from $45.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on shares of Ibotta from $40.00 to $49.00 and gave the company an "equal weight" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $50.00.
View Our Latest Stock Report on IBTA
About Ibotta
(
Get Free Report)
Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company's offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.
Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.
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