Ibotta (NYSE:IBTA) Raised to Hold at Wall Street Zen

Ibotta (NYSE:IBTA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

IBTA has been the topic of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research report on Friday, March 27th. Evercore set a $40.00 price target on shares of Ibotta in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Ibotta from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price target on shares of Ibotta from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $36.57.

Ibotta Stock Down 0.2%

NYSE:IBTA opened at $35.43 on Friday. The firm has a market cap of $715.69 million, a PE ratio of -104.21 and a beta of -0.61. Ibotta has a 12 month low of $19.10 and a 12 month high of $62.74. The company’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $26.25.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.45. The firm had revenue of $82.48 million for the quarter. Ibotta had a negative net margin of 2.15% and a negative return on equity of 2.39%. Ibotta’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. On average, research analysts expect that Ibotta will post -0.62 EPS for the current fiscal year.

Ibotta declared that its Board of Directors has initiated a share buyback program on Wednesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Marisa Daspit sold 2,956 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $24.06, for a total transaction of $71,121.36. Following the transaction, the insider directly owned 127,597 shares in the company, valued at approximately $3,069,983.82. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.92% of the company’s stock.

Hedge Funds Weigh In On Ibotta

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Ibotta during the first quarter worth approximately $39,000. New York State Teachers Retirement System acquired a new position in shares of Ibotta during the first quarter worth approximately $39,000. CWM LLC lifted its holdings in Ibotta by 50.8% in the third quarter. CWM LLC now owns 1,422 shares of the company’s stock valued at $40,000 after buying an additional 479 shares during the period. Quantbot Technologies LP acquired a new position in Ibotta in the second quarter valued at approximately $66,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Ibotta by 187.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after buying an additional 1,185 shares during the period.

Key Stories Impacting Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta’s Q1 results showed revenue above expectations, suggesting the company is still growing despite posting a loss. Investors are likely reacting favorably to the top-line beat and signs of business momentum. Ibotta (NYSE:IBTA) Beats Q1 CY2026 Sales Expectations
• Positive Sentiment: Needham raised its price target on IBTA to $45 from $33 and kept a buy rating, signaling confidence in additional upside after the earnings report. Needham raises price target on Ibotta
• Positive Sentiment: Wells Fargo also lifted its price target on Ibotta to $38 from $34, reinforcing the view that analysts see more value in the stock even with a neutral/equal-weight stance. Wells Fargo raises price target on Ibotta
• Neutral Sentiment: Multiple earnings recap, transcript, and presentation articles indicate investors are still parsing management’s Q1 commentary, including new publisher partnerships and product enhancements, for clues about the company’s longer-term growth outlook. Ibotta, Inc. 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Despite the revenue beat, Ibotta reported a quarterly loss of $0.43 per share, wider than analyst estimates and a reminder that profitability remains under pressure. Ibotta (IBTA) Reports Q1 Loss, Tops Revenue Estimates

Ibotta Company Profile

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.