Marisa Daspit Sells 2,956 Shares of Ibotta (NYSE:IBTA) Stock

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 2,956 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $37.46, for a total transaction of $110,731.76. Following the completion of the transaction, the insider owned 117,251 shares in the company, valued at approximately $4,392,222.46. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marisa Daspit also recently made the following trade(s):

• On Tuesday, September 1st, Marisa Daspit sold 1,712 shares of Ibotta stock. The stock was sold at an average price of $37.01, for a total value of $63,361.12.

Ibotta Stock Up 2.7%

NYSE:IBTA opened at $38.34 on Friday. Ibotta, Inc. has a twelve month low of $19.10 and a twelve month high of $40.49. The company has a fifty day moving average of $33.61 and a 200-day moving average of $31.44. The firm has a market capitalization of $774.47 million, a P/E ratio of -81.57 and a beta of -0.25.

Hedge Funds Weigh In On Ibotta

Institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its position in Ibotta by 40,800.0% during the first quarter. Essential Partners LLC now owns 818 shares of the company’s stock worth $25,000 after purchasing an additional 816 shares during the period. Meeder Asset Management Inc. bought a new position in Ibotta in the 1st quarter worth approximately $39,000. New York State Teachers Retirement System purchased a new position in Ibotta in the 1st quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Ibotta by 187.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock worth $41,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Ibotta by 47,920.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company’s stock worth $55,000 after acquiring an additional 2,396 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on IBTA. Wall Street Zen raised Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ibotta in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Ibotta from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. UBS Group boosted their price target on shares of Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Evercore set a $42.00 price objective on shares of Ibotta in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $36.50.

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.