IBEX Limited (NASDAQ:IBEX) Receives $19.80 Average PT from Brokerages

IBEX Limited (NASDAQ:IBEX) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.20.

A number of research firms recently issued reports on IBEX. Truist Financial decreased their price target 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. Piper Sandler reissued a “neutral” rating and issued a $17.00 price target on shares of IBEX in a research note on Friday, February 9th. Robert W. Baird decreased their price target on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Finally, TheStreet downgraded shares of IBEX from a “b-” rating to a “c+” rating in a research note on Wednesday, March 6th.

Insider Buying and Selling at IBEX

In other news, insider Jeffrey Hays Cox sold 9,383 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $16.05, for a total transaction of $150,597.15. Following the sale, the insider now owns 385,251 shares in the company, valued at $6,183,278.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On IBEX

A number of institutional investors have recently made changes to their positions in IBEX. Bank of New York Mellon Corp grew its holdings in shares of IBEX by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock valued at $404,000 after buying an additional 748 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in IBEX by 30.7% in the third quarter. Victory Capital Management Inc. now owns 34,750 shares of the company’s stock worth $537,000 after purchasing an additional 8,159 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in IBEX by 17.0% in the third quarter. Los Angeles Capital Management LLC now owns 102,204 shares of the company’s stock worth $1,579,000 after purchasing an additional 14,883 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in IBEX in the third quarter worth approximately $263,000. Finally, Barclays PLC boosted its holdings in IBEX by 15.9% in the third quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $154,000 after purchasing an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Trading Down 0.8 %

IBEX stock opened at $13.31 on Thursday. IBEX has a 1-year low of $11.45 and a 1-year high of $23.49. The firm has a market cap of $233.86 million, a P/E ratio of 8.48 and a beta of 0.62. The firm has a 50-day moving average of $14.76 and a 200-day moving average of $16.57.

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

About IBEX

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.