Ibotta, Inc. (NYSE:IBTA) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Consensus "Reduce": Nine analysts covering Ibotta gave a consensus rating of Reduce (3 sell, 5 hold, 1 buy) with an average 12‑month price target of $33.14.
• Quarterly results showed an earnings beat—$0.29 EPS vs. a ($0.01) consensus—but revenue fell 10% year‑over‑year to $88.53 million, leaving margins thin despite the beat.
• The board approved a $100 million buyback (up to 21.2% of shares), while insiders sold shares recently and insiders now own 16.08% of the company.

Ibotta, Inc. (NYSE:IBTA - Get Free Report) has received a consensus rating of "Reduce" from the nine ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $33.1429.

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Ibotta from $30.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. Wall Street Zen cut shares of Ibotta from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Ibotta in a research note on Friday, March 27th.

Ibotta Trading Down 2.7%

IBTA opened at $31.21 on Thursday. Ibotta has a 1-year low of $19.10 and a 1-year high of $62.74. The company has a market capitalization of $661.96 million, a PE ratio of 283.75 and a beta of -1.68. The firm's 50 day simple moving average is $24.60 and its two-hundred day simple moving average is $25.49.

Ibotta (NYSE:IBTA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.30. Ibotta had a net margin of 1.04% and a return on equity of 1.04%. The business had revenue of $88.53 million for the quarter. During the same quarter in the previous year, the business posted $0.67 earnings per share. The firm's revenue was down 10.0% on a year-over-year basis.

Ibotta announced that its Board of Directors has initiated a share buyback program on Wednesday, March 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Marisa Daspit sold 2,956 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $24.06, for a total value of $71,121.36. Following the completion of the sale, the insider directly owned 127,597 shares of the company's stock, valued at $3,069,983.82. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.08% of the stock is currently owned by company insiders.

Institutional Trading of Ibotta

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in shares of Ibotta by 50.8% in the third quarter. CWM LLC now owns 1,422 shares of the company's stock worth $40,000 after purchasing an additional 479 shares in the last quarter. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 1,185 shares in the last quarter. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 2,396 shares in the last quarter. Quantbot Technologies LP purchased a new position in Ibotta during the second quarter valued at $66,000. Finally, Tower Research Capital LLC TRC grew its stake in Ibotta by 144.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,851 shares of the company's stock valued at $141,000 after acquiring an additional 2,274 shares in the last quarter.

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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