IBEX Limited (NASDAQ:IBEX) Receives Consensus Rating of “Hold” from Analysts

IBEX Limited (NASDAQ:IBEX) has received a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.80.

A number of equities research analysts have commented on the company. TheStreet cut IBEX from a “b-” rating to a “c+” rating in a research note on Wednesday, March 6th. Truist Financial lowered their target price on shares of IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Piper Sandler restated a “neutral” rating and set a $17.00 price target on shares of IBEX in a research note on Friday, February 9th.

IBEX Stock Down 2.4 %

IBEX stock opened at $13.03 on Thursday. IBEX has a 52-week low of $11.45 and a 52-week high of $24.08. The company has a market cap of $228.96 million, a price-to-earnings ratio of 8.30 and a beta of 0.62. The firm’s fifty day moving average is $15.00 and its 200 day moving average is $16.64.

IBEX (NASDAQ:IBEX) last released its earnings results on Thursday, February 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). The business had revenue of $132.63 million for the quarter, compared to the consensus estimate of $137.38 million. IBEX had a return on equity of 20.10% and a net margin of 5.79%. On average, equities research analysts anticipate that IBEX will post 1.95 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey Hays Cox sold 7,331 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total value of $117,735.86. Following the sale, the insider now directly owns 402,920 shares in the company, valued at approximately $6,470,895.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On IBEX

Large investors have recently bought and sold shares of the stock. Resource Group International Ltd acquired a new stake in shares of IBEX during the fourth quarter valued at $103,964,000. Wellington Management Group LLP raised its position in shares of IBEX by 16.6% in the third quarter. Wellington Management Group LLP now owns 719,196 shares of the company’s stock valued at $11,112,000 after buying an additional 102,500 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of IBEX by 20.9% during the third quarter. American Century Companies Inc. now owns 1,238,785 shares of the company’s stock valued at $19,139,000 after buying an additional 214,484 shares during the period. AQR Capital Management LLC boosted its position in IBEX by 60.0% during the third quarter. AQR Capital Management LLC now owns 343,663 shares of the company’s stock worth $5,310,000 after acquiring an additional 128,850 shares during the last quarter. Finally, Barclays PLC raised its holdings in IBEX by 15.9% in the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after acquiring an additional 1,363 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

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.