Marisa Daspit Sells 1,712 Shares of Ibotta (NYSE:IBTA) Stock

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 1,712 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $37.01, for a total value of $63,361.12. Following the completion of the transaction, the insider owned 120,207 shares in the company, valued at approximately $4,448,861.07. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Wednesday, September 2nd, Marisa Daspit sold 2,956 shares of Ibotta stock. The shares were sold at an average price of $37.46, for a total value of $110,731.76.

Ibotta Stock Performance

IBTA stock opened at $38.34 on Friday. The company has a market cap of $774.47 million, a price-to-earnings ratio of -81.57 and a beta of -0.25. The business’s 50-day moving average is $33.61 and its two-hundred day moving average is $31.44. Ibotta, Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $40.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IBTA shares. Wells Fargo & Company raised their price objective 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Ibotta in a research report on Wednesday, June 24th. UBS Group lifted their price target on shares of Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Ibotta from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, The Goldman Sachs Group upped their price objective on Ibotta from $28.00 to $32.00 and gave the stock a “sell” rating in a research note on Tuesday, August 4th. One 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. Based on data from MarketBeat.com, Ibotta currently has a consensus rating of “Reduce” and an average target price of $36.50.

Hedge Funds Weigh In On Ibotta

Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Ibotta by 3,449.8% in the fourth quarter. Deutsche Bank AG now owns 369,890 shares of the company’s stock worth $8,408,000 after purchasing an additional 359,470 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Ibotta by 6,672.2% during the 2nd quarter. California State Teachers Retirement System now owns 351,882 shares of the company’s stock valued at $12,020,000 after buying an additional 346,686 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ibotta by 17.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock worth $43,749,000 after buying an additional 232,027 shares during the period. Marshall Wace LLP purchased a new stake in Ibotta in the 2nd quarter worth $8,397,000. Finally, Hsbc Holdings PLC raised its holdings 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 acquiring an additional 226,021 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.