Ibotta, Inc. (NYSE:IBTA) Receives $32.57 Consensus Price Target from Analysts

Ibotta, Inc. (NYSE:IBTA) has earned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.5714.

Several equities research analysts have commented on IBTA shares. Bank of America dropped their price target on Ibotta from $24.00 to $22.00 and set an “underperform” rating for the company in a research note on Thursday, November 13th. The Goldman Sachs Group dropped their target price on shares of Ibotta from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, November 13th. Evercore reduced their price target on shares of Ibotta from $38.00 to $32.00 and set an “in-line” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ibotta in a report on Monday, December 29th.

Ibotta Stock Up 3.2%

IBTA stock opened at $22.25 on Wednesday. The company has a market cap of $521.54 million, a price-to-earnings ratio of 9.19 and a beta of -0.88. The business has a fifty day simple moving average of $21.91 and a 200-day simple moving average of $25.85. Ibotta has a 52 week low of $19.10 and a 52 week high of $69.46.

Institutional Trading of Ibotta

A number of hedge funds have recently made changes to their positions in IBTA. CWM LLC boosted its stake in Ibotta by 225.2% during the 2nd quarter. CWM LLC now owns 943 shares of the company’s stock valued at $35,000 after acquiring an additional 653 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Ibotta during the second quarter valued at approximately $66,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Ibotta by 187.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after acquiring an additional 1,185 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Ibotta by 47,920.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company’s stock valued at $55,000 after acquiring an additional 2,396 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Ibotta during the first quarter worth $161,000.

About Ibotta

Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.

Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.