Ibotta (NYSE:IBTA) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Ibotta (NYSE:IBTA) from a sell rating to a hold rating in a report released on Saturday.

IBTA has been the subject of a number of other research reports. Evercore set a $40.00 price objective on Ibotta in a research report on Thursday. Needham & Company LLC lifted their price objective on Ibotta from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a research report on Friday, March 27th. Finally, Wells Fargo & Company boosted their price target on Ibotta from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $36.57.

Ibotta Stock Performance

Shares of IBTA stock opened at $35.43 on Friday. Ibotta has a 1 year low of $19.10 and a 1 year high of $62.74. The stock has a market cap of $715.69 million, a PE ratio of -104.21 and a beta of -0.61. The stock has a fifty day moving average price of $30.00 and a 200 day moving average price of $26.25.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.45. Ibotta had a negative return on equity of 2.39% and a negative net margin of 2.15%.The company had revenue of $82.48 million during the quarter. During the same period last year, the firm earned $0.02 earnings per share. The business’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Ibotta will post -0.62 earnings per share for the current year.

Ibotta announced that its Board of Directors has authorized a stock buyback program on Wednesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 21.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Ibotta

In other news, insider Marisa Daspit sold 2,956 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $24.06, for a total value of $71,121.36. Following the completion of the sale, the insider owned 127,597 shares of the company’s stock, valued at $3,069,983.82. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Ibotta

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Ibotta by 90.2% in the third quarter. Citigroup Inc. now owns 641,337 shares of the company’s stock valued at $17,861,000 after purchasing an additional 304,183 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Ibotta by 15.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,281,219 shares of the company’s stock valued at $35,682,000 after purchasing an additional 168,054 shares during the last quarter. ARK Investment Management LLC boosted its holdings in Ibotta by 39.3% in the third quarter. ARK Investment Management LLC now owns 907,386 shares of the company’s stock valued at $25,271,000 after purchasing an additional 255,899 shares during the last quarter. Amova Asset Management Americas Inc. boosted its holdings in Ibotta by 15.6% in the third quarter. Amova Asset Management Americas Inc. now owns 1,279,652 shares of the company’s stock valued at $35,600,000 after purchasing an additional 172,314 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in Ibotta by 25.2% in the third quarter. Primecap Management Co. CA now owns 150,165 shares of the company’s stock valued at $4,182,000 after purchasing an additional 30,190 shares during the last quarter.

Ibotta News Summary

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta’s Q1 results showed revenue above expectations, suggesting the company is still growing despite posting a loss. Investors are likely reacting favorably to the top-line beat and signs of business momentum. Ibotta (NYSE:IBTA) Beats Q1 CY2026 Sales Expectations
• Positive Sentiment: Needham raised its price target on IBTA to $45 from $33 and kept a buy rating, signaling confidence in additional upside after the earnings report. Needham raises price target on Ibotta
• Positive Sentiment: Wells Fargo also lifted its price target on Ibotta to $38 from $34, reinforcing the view that analysts see more value in the stock even with a neutral/equal-weight stance. Wells Fargo raises price target on Ibotta
• Neutral Sentiment: Multiple earnings recap, transcript, and presentation articles indicate investors are still parsing management’s Q1 commentary, including new publisher partnerships and product enhancements, for clues about the company’s longer-term growth outlook. Ibotta, Inc. 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Despite the revenue beat, Ibotta reported a quarterly loss of $0.43 per share, wider than analyst estimates and a reminder that profitability remains under pressure. Ibotta (IBTA) Reports Q1 Loss, Tops Revenue Estimates

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.