Ibotta (NYSE:IBTA) Insider Marisa Daspit Sells 1,712 Shares

Key Points

• Insider sale: Marisa Daspit sold 1,712 Ibotta shares at an average price of $37.01 for $63,361.12 under a pre-arranged Rule 10b5-1 trading plan. She retained 120,207 shares after the transaction and also recently sold 2,956 shares.
• Stock performance: IBTA traded at $37.19, with a market capitalization of approximately $751 million. The stock remains below its 12-month high of $40.49 but above its 50-day and 200-day moving averages.
• Analyst outlook: Analysts have a consensus rating of “Reduce,” with one Buy, four Hold and three Sell ratings, and an average price target of $36.50. Several firms recently raised their targets while maintaining neutral or hold-equivalent ratings.

Ibotta, Inc. (NYSE:IBTA - Get Free Report) insider Marisa Daspit sold 1,712 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $37.01, for a total transaction of $63,361.12. Following the transaction, the insider owned 120,207 shares in the company, valued at approximately $4,448,861.07. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marisa Daspit also recently made the following trade(s):

• On Wednesday, September 2nd, Marisa Daspit sold 2,956 shares of Ibotta stock. The shares were sold at an average price of $37.46, for a total transaction of $110,731.76.

Ibotta Price Performance

IBTA stock traded down $0.50 on Thursday, hitting $37.19. 138,822 shares of the company were exchanged, compared to its average volume of 255,556. The stock has a market capitalization of $751.24 million, a price-to-earnings ratio of -79.13 and a beta of -0.25. Ibotta, Inc. has a twelve month low of $19.10 and a twelve month high of $40.49. The business's fifty day moving average is $33.42 and its two-hundred day moving average is $31.28.

Analyst Ratings Changes

A number of research analysts recently weighed in on IBTA shares. Zacks Research upgraded Ibotta from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Wall Street Zen raised Ibotta from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Evercore set a $42.00 target price on Ibotta in a report on Tuesday, August 4th. Wells Fargo & Company increased their target price on shares of Ibotta from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. Finally, UBS Group lifted their price target on shares of Ibotta from $30.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Ibotta currently has an average rating of "Reduce" and an average target price of $36.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ibotta by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company's stock valued at $396,000 after acquiring an additional 515 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Ibotta by 34.6% in the third quarter. Quantbot Technologies LP now owns 2,420 shares of the company's stock worth $67,000 after purchasing an additional 622 shares during the period. Essential Partners LLC boosted its holdings in Ibotta by 40,800.0% in the first quarter. Essential Partners LLC now owns 818 shares of the company's stock worth $25,000 after purchasing an additional 816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ibotta by 5.1% during 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 purchasing an additional 855 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Ibotta by 9.0% during the third quarter. Legal & General Group Plc now owns 13,461 shares of the company's stock valued at $375,000 after purchasing an additional 1,112 shares during the last quarter.

Ibotta Company Profile

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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