Ibotta (NYSE:IBTA) Director Thomas Lehrman Sells 8,154 Shares of Stock

Ibotta, Inc. (NYSE:IBTA) Director Thomas Lehrman sold 8,154 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $36.08, for a total transaction of $294,196.32. Following the completion of the sale, the director directly owned 22,115 shares of the company’s stock, valued at approximately $797,909.20. This represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ibotta Trading Up 6.3%

Shares of IBTA opened at $38.11 on Friday. The firm’s 50-day moving average price is $31.75 and its 200-day moving average price is $29.65. The firm has a market capitalization of $769.82 million, a price-to-earnings ratio of -81.08 and a beta of -0.44. Ibotta, Inc. has a 1-year low of $19.10 and a 1-year high of $40.49.

Hedge Funds Weigh In On Ibotta

A number of institutional investors and hedge funds have recently made changes to their positions in IBTA. Deutsche Bank AG lifted its holdings in shares of Ibotta by 3,449.8% during the fourth quarter. Deutsche Bank AG now owns 369,890 shares of the company’s stock valued at $8,408,000 after purchasing an additional 359,470 shares during the last quarter. Vanguard Group Inc. increased its position in Ibotta by 17.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock valued at $43,749,000 after buying an additional 232,027 shares in the last quarter. Marshall Wace LLP purchased a new position in Ibotta during the second quarter valued at $8,397,000. Hsbc Holdings PLC raised its stake in Ibotta by 29.4% during the fourth quarter. Hsbc Holdings PLC now owns 993,977 shares of the company’s stock valued at $22,210,000 after buying an additional 226,021 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Ibotta by 933.0% in the fourth quarter. Jane Street Group LLC now owns 224,529 shares of the company’s stock worth $5,104,000 after acquiring an additional 202,793 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen raised Ibotta from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group increased their target price on Ibotta from $28.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, August 4th. Evercore set a $42.00 target price on Ibotta in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their price target on Ibotta from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Zacks Research raised Ibotta from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $36.50.

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.