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

Ibotta, Inc. (NYSE:IBTA) Director Thomas Lehrman sold 8,154 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $36.08, for a total value of $294,196.32. Following the completion of the transaction, the director owned 22,115 shares of the company’s stock, valued at $797,909.20. This trade represents a 26.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ibotta Stock Performance

Ibotta stock opened at $38.53 on Friday. The business’s 50-day simple moving average is $31.87 and its two-hundred day simple moving average is $29.72. The company has a market cap of $778.31 million, a PE ratio of -81.98 and a beta of -0.44. Ibotta, Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $40.49.

Analyst Ratings Changes

IBTA has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ibotta from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. UBS Group upped their price objective on shares of Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group increased their price objective on shares of Ibotta from $28.00 to $32.00 and gave the stock a “sell” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Ibotta from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $36.50.

Institutional Investors Weigh In On Ibotta

A number of institutional investors have recently modified their holdings of IBTA. Essential Partners LLC raised its holdings in Ibotta by 40,800.0% in the 1st 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. acquired a new stake in Ibotta in the first quarter valued at approximately $39,000. New York State Teachers Retirement System acquired a new stake in Ibotta in the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 worth $55,000 after buying an additional 2,396 shares during the period.

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.