Ibotta (NYSE:IBTA) Given New $45.00 Price Target at Needham & Company LLC

Ibotta (NYSE:IBTA) had its price objective raised by Needham & Company LLC from $33.00 to $45.00 in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Ibotta from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded Ibotta from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $36.57.

Ibotta Stock Down 2.2%

Shares of IBTA stock traded down $0.81 during mid-day trading on Thursday, reaching $35.97. 45,137 shares of the stock traded hands, compared to its average volume of 286,360. The company has a market cap of $747.10 million, a price-to-earnings ratio of -105.79 and a beta of -0.61. The stock’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $26.25. Ibotta has a 1-year low of $19.10 and a 1-year high of $62.74.

Ibotta (NYSE:IBTA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.45. Ibotta had a negative net margin of 2.15% and a negative return on equity of 2.26%. The business had revenue of $82.48 million during the quarter. During the same quarter last year, the business earned $0.02 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Ibotta will post -0.42 EPS for the current fiscal year.

Ibotta declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Ibotta

In other news, insider Marisa Daspit sold 2,956 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $24.06, for a total transaction 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 trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 20.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ibotta

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in shares of Ibotta by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 19,256 shares of the company’s stock worth $536,000 after purchasing an additional 380 shares in the last quarter. CWM LLC boosted its holdings in Ibotta by 50.8% in the third quarter. CWM LLC now owns 1,422 shares of the company’s stock worth $40,000 after acquiring an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ibotta by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock worth $396,000 after acquiring an additional 515 shares in the last quarter. Quantbot Technologies LP grew its stake in Ibotta by 34.6% in the third quarter. Quantbot Technologies LP now owns 2,420 shares of the company’s stock valued at $67,000 after acquiring an additional 622 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ibotta by 5.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,769 shares of the company’s stock valued at $404,000 after acquiring an additional 855 shares in the last quarter.

More Ibotta News

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta reported Q1 results that beat sales expectations and showed an EPS beat vs. the Street, which traders view as a near-term revenue/operating validation. Article Title
• Positive Sentiment: Ibotta announced an exclusive digital promotions partnership with grocery chain Giant Eagle — a material customer win that boosts revenue visibility and commercial momentum. Article Title
• Positive Sentiment: Needham raised its price target sharply to $45 and set a Buy rating, signaling meaningful upside from current levels and providing analyst support for the rally. Article Title
• Neutral Sentiment: Wells Fargo nudged its target to $38 with an Equal Weight — a more muted analyst view that tempers the uniformity of bullish coverage. Article Title
• Neutral Sentiment: Management hosted the Q1 earnings call and posted the transcript/slide deck (useful for detail but neutral until guidance clarity). Article Title
• Negative Sentiment: Q2 revenue guidance came in at $82.0–$86.0M vs. a consensus of ~$83.1M — roughly in line but with a lower-end that could disappoint; Q1 revenue was down ~2.5% YoY and margins remained negative. Press Release / Slide Deck
• Negative Sentiment: Some outlets flagged a larger-than-expected GAAP loss for Q1 (reported by Zacks), creating headline confusion vs. other reported EPS figures and increasing short-term volatility. Article Title
• Negative Sentiment: Coverage noting “why IBTA is trending” highlights mixed signals and analyst divergence, which can pressure the shares even amid positive announcements. Article Title

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.