Ibotta (NYSE:IBTA) Shares Down 7.9% – What’s Next?

Ibotta, Inc. (NYSE:IBTA)’s stock price was down 7.9% on Monday . The company traded as low as $24.22 and last traded at $24.47. Approximately 75,676 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 444,982 shares. The stock had previously closed at $26.56.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IBTA. Bank of America decreased their price target on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating for the company in a research note on Thursday, November 13th. UBS Group lowered their target price on shares of Ibotta from $55.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Wall Street Zen upgraded Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. The Goldman Sachs Group reduced their price objective on Ibotta from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, November 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Ibotta in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ibotta has an average rating of “Reduce” and a consensus target price of $32.57.

Ibotta Stock Up 1.4%

The firm’s fifty day simple moving average is $29.46 and its 200-day simple moving average is $35.61. The firm has a market capitalization of $595.74 million, a PE ratio of 10.50 and a beta of -1.13.

Ibotta (NYSE:IBTA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.22. Ibotta had a net margin of 22.92% and a return on equity of 20.94%. The company had revenue of $83.26 million during the quarter. During the same period last year, the business earned $0.94 EPS. Ibotta’s revenue was down 15.5% on a year-over-year basis. Ibotta has set its Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Ibotta

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in Ibotta by 2.0% during the third quarter. Rhumbline Advisers now owns 19,256 shares of the company’s stock valued at $536,000 after purchasing an additional 380 shares during the period. CWM LLC lifted its position in Ibotta by 50.8% during the third quarter. CWM LLC now owns 1,422 shares of the company’s stock valued at $40,000 after purchasing an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ibotta by 5.8% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Ibotta in the first quarter worth approximately $25,000. Finally, Quantbot Technologies LP boosted its holdings in Ibotta by 34.6% in the 3rd quarter. Quantbot Technologies LP now owns 2,420 shares of the company’s stock worth $67,000 after buying an additional 622 shares during the period.

Ibotta Company Profile

Ibotta’s mission is to Make Every Purchase Rewarding. Our technology allows CPG brands to deliver digital promotions to over 200 million consumers through a single, convenient network called the Ibotta Performance Network (IPN). We are pioneers in success-based marketing: we only get paid when our client’s promotion results in a sale, not when a consumer merely views or clicks on the promotion.