Ibotta (NYSE:IBTA) Director Thomas Lehrman Sells 15,926 Shares

Ibotta, Inc. (NYSE:IBTA) Director Thomas Lehrman sold 15,926 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.37, for a total transaction of $595,154.62. Following the transaction, the director owned 38,120 shares of the company’s stock, valued at $1,424,544.40. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ibotta Stock Performance

Shares of IBTA traded down $3.04 during trading hours on Monday, reaching $35.80. The stock had a trading volume of 290,256 shares, compared to its average volume of 264,207. Ibotta, Inc. has a 12 month low of $19.10 and a 12 month high of $40.49. The stock has a market capitalization of $723.16 million, a PE ratio of -76.17 and a beta of -0.43. The company’s 50-day moving average is $31.87 and its two-hundred day moving average is $29.77.

Institutional Trading of Ibotta

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ibotta by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock valued at $396,000 after purchasing an additional 515 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Ibotta in the 1st quarter worth about $161,000. Goldman Sachs Group Inc. raised its position in shares of Ibotta by 16.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,514 shares of the company’s stock worth $5,170,000 after acquiring an additional 17,421 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Ibotta by 43.5% in the 2nd quarter. Legal & General Group Plc now owns 12,349 shares of the company’s stock valued at $452,000 after purchasing an additional 3,746 shares during the period. Finally, Norges Bank acquired a new position in shares of Ibotta in the 2nd quarter valued at about $781,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Ibotta from $28.00 to $32.00 and gave the company a “sell” rating in a research note on Tuesday, August 4th. Evercore set a $42.00 price objective on shares of Ibotta 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. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Ibotta in a report on Tuesday, August 4th. Finally, Wells Fargo & Company upped their price target on shares of Ibotta from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. One investment 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. According to MarketBeat, the company has an average rating of “Reduce” and a consensus 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.