JMP Securities analyst Andrew Boone initiated coverage with a Buy rating on Ibotta, Inc. Class A (IBTA – Research Report) today and set a price target of $130.00. The company’s shares closed last Friday at $102.21.
Boone covers the Communication Services sector, focusing on stocks such as Alphabet Class A, DoorDash, and Taboola.com. According to TipRanks, Boone has an average return of 4.3% and a 48.00% success rate on recommended stocks.
Currently, the analyst consensus on Ibotta, Inc. Class A is a Moderate Buy with an average price target of $130.00.
The company has a one-year high of $117.59 and a one-year low of $93.15. Currently, Ibotta, Inc. Class A has an average volume of 481.3K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBTA in relation to earlier this year. Last month, KDT Ibotta Holdings, LLC, a Major Shareholder at IBTA sold 1,500,000.00 shares for a total of $132,000,000.00.
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Ibotta, Inc. Class A (IBTA) Company Description:
Ibotta is a performance marketing platform allowing brands to deliver digital promotions to hundreds of millions of consumers through a network of publishers called the Ibotta Performance Network (IPN). Founded in 2011, Ibotta has credited American consumers with over $1.
Read More on IBTA:
- Ibotta Appoints Stephen Bailey to Board of Directors and Shalin Patel as new Head of Investor Relations
- Ibotta To Announce First Quarter 2024 Financial Results on May 30, 2024
- Ibotta Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Initial Public Offering
- Ibotta, Inc. Announces Corporate Changes and Regulatory Disclosure
