Ibotta (NYSE:IBTA) Insider Marisa Daspit Sells 720 Shares of Company Stock

Key Points

• Ibotta insider Marisa Daspit sold 720 shares at an average $50.01, worth about $36,007, under a pre-arranged Rule 10b5-1 plan. She retained 115,539 shares after the sale.
• Ibotta reported quarterly EPS of $0.62, beating the $0.13 consensus, while revenue rose 17.4% year over year to $97.83 million.
• Shares recently traded at $62.52, while analysts’ average price target was $50 and MarketBeat’s consensus rating was “Reduce.”

Ibotta, Inc. (NYSE:IBTA - Get Free Report) insider Marisa Daspit sold 720 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $50.01, for a total value of $36,007.20. Following the completion of the transaction, the insider directly owned 115,539 shares in the company, valued at approximately $5,778,105.39. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value 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 shares were sold at an average price of $50.00, for a total value 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 value of $110,731.76.
• On Tuesday, September 1st, Marisa Daspit sold 1,712 shares of Ibotta stock. The stock was 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 traded up $2.17 on Wednesday, reaching $62.52. The company had a trading volume of 1,286,017 shares, compared to its average volume of 267,465. The stock has a market capitalization of $1.26 billion, a P/E ratio of -93.31 and a beta of -0.46. The stock has a 50-day moving average price of $42.92 and a 200 day moving average price of $33.05. Ibotta, Inc. has a twelve month low of $19.10 and a twelve month high of $66.39.

Ibotta (NYSE:IBTA - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.49. The business 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%. The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. On average, sell-side analysts predict that Ibotta, Inc. will post 0.29 earnings per share for the current fiscal year.

Key Headlines Impacting Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Third-quarter revenue rose 17% year over year to $97.8 million, beating estimates, while adjusted EPS of $0.62 substantially exceeded forecasts. Adjusted EBITDA also increased 43%. Ibotta Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Growth indicators pointed to a stronger business: redemption revenue increased 23%, the redeemer base grew 30% to 23.6 million, and third-party publisher redemption revenue rose 43%. Coverage attributed the recovery partly to improved demand for Ibotta’s marketing services. Ibotta: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Fourth-quarter revenue guidance of $94 million–$98 million topped the approximately $93.3 million consensus estimate. Goldman Sachs also removed its Sell rating, upgrading IBTA to Neutral and lifting its target to $58 from $35; other analyst targets reportedly reached as high as $65. Goldman Sachs Upgrades Ibotta to Neutral
• Neutral Sentiment: Despite the adjusted earnings beat, Ibotta reported a negative net margin for the quarter. Goldman’s $58 target is also below the stock’s recent price, tempering the positive signal from the rating upgrade.

Institutional Investors Weigh In On Ibotta

A number of institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC raised its position in shares of Ibotta by 40,800.0% during the first quarter. Essential Partners LLC now owns 818 shares of the company's stock worth $25,000 after acquiring an additional 816 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Ibotta in the first quarter valued at approximately $39,000. New York State Teachers Retirement System acquired a new stake in Ibotta in the 1st quarter valued at $39,000. State of Alaska Department of Revenue increased its position in shares of Ibotta by 32.9% during the third quarter. State of Alaska Department of Revenue now owns 1,083 shares of the company's stock worth $42,000 after acquiring an additional 268 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Ibotta in the second quarter worth approximately $290,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Ibotta from $40.00 to $49.00 and gave the company an "equal weight" rating in a research report on Tuesday. Needham & Company LLC lifted their price target on Ibotta from $45.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday. Evercore set a $58.00 price objective on shares of Ibotta in a research report on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of Ibotta in a research note on Monday, September 21st. Finally, UBS Group upped their target price on shares of Ibotta from $30.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Ibotta presently has a consensus rating of "Reduce" and an average price target of $50.00.

About Ibotta

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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