IBEX (NASDAQ:IBEX - Free Report) had its target price lowered by Robert W. Baird from $21.00 to $20.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.
IBEX has been the topic of several other research reports. TheStreet cut shares of IBEX from a b- rating to a c+ rating in a report on Wednesday, March 6th. Truist Financial decreased their price target on shares of IBEX from $25.00 to $22.00 and set a buy rating on the stock in a report on Friday, February 9th. Finally, Piper Sandler reissued a neutral rating and issued a $17.00 target price on shares of IBEX in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $19.20.
Get Our Latest Stock Report on IBEX
IBEX Price Performance
Shares of NASDAQ:IBEX traded up $0.20 during trading on Friday, hitting $13.36. 32,357 shares of the company were exchanged, compared to its average volume of 65,939. The company has a market cap of $234.74 million, a PE ratio of 8.51 and a beta of 0.62. The stock has a 50 day moving average of $14.87 and a 200 day moving average of $16.61. IBEX has a 52-week low of $11.45 and a 52-week high of $23.49.
IBEX (NASDAQ:IBEX - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $132.63 million for the quarter, compared to analysts' expectations of $137.38 million. IBEX had a return on equity of 20.10% and a net margin of 5.79%. Sell-side analysts forecast that IBEX will post 1.95 EPS for the current fiscal year.
Insider Activity at IBEX
In other news, insider Jeffrey Hays Cox sold 7,331 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.06, for a total transaction of $117,735.86. Following the transaction, the insider now directly owns 402,920 shares of the company's stock, valued at $6,470,895.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc grew its stake in shares of IBEX by 82.7% during the fourth quarter. Legal & General Group Plc now owns 1,047 shares of the company's stock valued at $26,000 after buying an additional 474 shares during the last quarter. Amalgamated Bank grew its stake in shares of IBEX by 80.7% during the fourth quarter. Amalgamated Bank now owns 1,635 shares of the company's stock valued at $41,000 after buying an additional 730 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of IBEX during the second quarter valued at about $43,000. Castleview Partners LLC purchased a new stake in shares of IBEX during the first quarter worth about $59,000. Finally, Citigroup Inc. boosted its holdings in shares of IBEX by 325,600.0% during the second quarter. Citigroup Inc. now owns 3,257 shares of the company's stock worth $69,000 after purchasing an additional 3,256 shares during the period. 81.24% of the stock is owned by institutional investors.
About IBEX
(
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IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.
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