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

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 720 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 115,539 shares of the company’s stock, valued at approximately $5,778,105.39. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Friday, October 30th, Marisa Daspit sold 102 shares of Ibotta stock. The shares were sold at an average price of $50.08, for a total transaction 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 stock was 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 transaction 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 shares were sold at an average price of $37.01, for a total value of $63,361.12.

Ibotta Stock Up 3.6%

NYSE:IBTA traded up $2.17 during mid-day trading on Wednesday, hitting $62.52. 1,286,017 shares of the stock traded hands, compared to its average volume of 267,465. The company has a market cap of $1.26 billion, a PE ratio of -93.31 and a beta of -0.46. Ibotta, Inc. has a 12-month low of $19.10 and a 12-month high of $66.39. The business’s 50-day moving average price is $42.92 and its 200 day moving average price is $33.05.

Ibotta (NYSE:IBTA) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.49. The company had revenue of $97.83 million during the quarter. Ibotta had a negative return on equity of 5.40% and a negative net margin of 4.49%. Ibotta’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Analysts anticipate that Ibotta, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IBTA shares. Needham & Company LLC lifted their price objective on Ibotta from $45.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup lifted their price objective on Ibotta from $34.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday. UBS Group boosted their target price on Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a research report on Monday, September 21st. Finally, The Goldman Sachs Group upgraded Ibotta from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $58.00 in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ibotta has an average rating of “Reduce” and an average price target of $50.00.

Ibotta News Roundup

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

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in shares of Ibotta by 1.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company’s stock worth $30,581,000 after buying an additional 15,310 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Ibotta by 17.7% during the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company’s stock worth $7,172,000 after purchasing an additional 35,992 shares during the last quarter. Bank of America Corp DE grew its stake in Ibotta by 17.8% in the 1st quarter. Bank of America Corp DE now owns 239,167 shares of the company’s stock worth $7,168,000 after acquiring an additional 36,223 shares in the last quarter. Sei Investments Co. bought a new stake in Ibotta during the 1st quarter valued at $344,000. Finally, Engineers Gate Manager LP bought a new position in Ibotta during the 2nd quarter worth about $328,000.

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.