Ibotta Inc. (NYSE:IBTA)’s traded shares stood at 0.32 million during the last session. At the close of trading, the stock’s price was $57.78, to imply an increase of 15.70% or $7.84 in intraday trading. The IBTA share’s 52-week high remains $117.59, putting it -103.51% down since that peak but still an impressive 27.54% since price per share fell to its 52-week low of $41.87. The company has a valuation of $1.77B, with an average of 0.37 million shares in intraday trading volume over the past 10 days and average of 189.18K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ibotta Inc. (IBTA), translating to a mean rating of 1.33. Of 5 analyst(s) looking at the stock, 0 analyst(s) give IBTA a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.35.
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Ibotta Inc. (NYSE:IBTA) trade information
After registering a 15.70% upside in the last session, Ibotta Inc. (IBTA) has traded red over the past five days. The 5-day price performance for the stock is 24.34%, and -14.58% over 30 days. With these gigs, the year-to-date price performance is -44.04%. Short interest in Ibotta Inc. (NYSE:IBTA) saw shorts transact 0.67 million shares and set a 5.85 days time to cover.
The extremes give us $75 and $129 for target low and target high price respectively. As such, IBTA has been trading -123.26% off suggested target high and -29.8% from its likely low.
Ibotta Inc. (IBTA) estimates and forecasts
Looking at statistics comparing Ibotta Inc. share performance against respective industry, we note that the company has underperformed competitors.
Revenue forecast for the current quarter as set by 8 analysts is 94.75M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 110.86M.
IBTA Dividends
Ibotta Inc. has its next earnings report out on 2024-Aug-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ibotta Inc. (NYSE:IBTA)’s Major holders
Ibotta Inc. insiders hold 51.30% of total outstanding shares, with institutional holders owning 49.89% of the shares at 102.45% float percentage. In total, 49.89% institutions holds shares in the company.
We also have iShares Russell 2000 ETF and Invesco Discovery Fund as the top two Mutual Funds with the largest holdings of the Ibotta Inc. (IBTA) shares. Going by data provided on Jun 30, 2024 , iShares Russell 2000 ETF holds roughly 181.76 shares. This is just over 0.66% of the total shares, with a market valuation of $10.5 million. Data from the same date shows that the other fund manager holds a little less at 105.87, or 0.38% of the shares, all valued at about 6.12 million.
