IbottaIBTA
IBTA
About: Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN).
Employees: 858
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
262% more call options, than puts
Call options by funds: $4.16M | Put options by funds: $1.15M
246% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 13
106% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 16
18% more funds holding
Funds holding: 91 [Q2] → 107 (+16) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
12.95% less ownership
Funds ownership: 49.78% [Q2] → 36.83% (-12.95%) [Q3]
39% less capital invested
Capital invested by funds: $1.02B [Q2] → $624M (-$398M) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$65
10%
downside
Avg. target
$80
11%
upside
High target
$86
19%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Wells Fargo Ken Gawrelski 64% 1-year accuracy 32 / 50 met price target | 19%upside $86 | Overweight Maintained | 14 Nov 2024 |
UBS Chris Kuntarich 38% 1-year accuracy 3 / 8 met price target | 10%downside $65 | Neutral Downgraded | 14 Nov 2024 |
JMP Securities Andrew Boone 77% 1-year accuracy 70 / 91 met price target | 18%upside $85 | Market Outperform Maintained | 14 Nov 2024 |
Needham Bernie McTernan 70% 1-year accuracy 94 / 135 met price target | 11%upside $80 | Buy Maintained | 14 Nov 2024 |
Raymond James Andrew Marok 50% 1-year accuracy 8 / 16 met price target | 18%upside $85 | Outperform Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 3 articles about IBTA published over the past 30 days
Positive
Seeking Alpha
6 hours ago
Ibotta: Scaling Growth With Strong Retailer Partnerships
I give a buy rating for Ibotta Inc. (IBTA), am an especially bullish about its strategic pivot to 3P partnerships. IBTA's IPN offers performance-based digital marketing for CPG brands, leveraging cashback incentives and promotional offers through D2C and third party (3P) segments. The 3P model expands IBTA's audience and revenue potential, reduces customer acquisition costs, and enhances gross profit margins, with Walmart (WMT) as a key growth anchor.
Neutral
Business Wire
1 week ago
DoorDash and Ibotta Partner to Help Consumers Save on Everyday Purchases
DENVER--(BUSINESS WIRE)--Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, and DoorDash (NASDAQ: DASH), the local commerce platform, today announced a multi-year strategic partnership to provide DoorDash customers with access to Ibotta's industry-leading catalog of digital promotions. In joining the Ibotta Performance Network (IPN), DoorDash continues to create value for consumers with personalized promotions and coupons to further save on items in a r.
Neutral
Business Wire
4 weeks ago
Ibotta Appoints Chris Riedy as new Chief Revenue Officer
DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), which operates the largest digital promotions network in North America, announced today that Chris Riedy will join the company as Chief Revenue Officer (CRO), effective January 13, 2025. He will report to CEO and founder, Bryan Leach, and will join the company's Senior Leadership Team.
Positive
Seeking Alpha
1 month ago
Ibotta: A Story Worth Keeping An Eye On
The stock of coupon platform operator Ibotta has bounced back some 20% since reporting better than expected Q3 results in mid-November. Ibotta, Inc. also announced a $100 million share buyback in August, reflecting confidence in its strong balance sheet and growth potential beyond the grocery vertical. The company seems to have solid long-term sales growth prospects and good free cash flow. An analysis around this Busted IPO follows in the paragraphs below.
Positive
The Motley Fool
1 month ago
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
There are growth investors, and then there's the more aggressive Cathie Wood. The co-founder, CEO, and investment manager for Ark Invest has struggled to duplicate the market-thumping success she achieved four years ago, but she's always moving.
Positive
Zacks Investment Research
1 month ago
PSN vs. IBTA: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Technology Services sector have probably already heard of Parsons (PSN) and Ibotta (IBTA). But which of these two stocks offers value investors a better bang for their buck right now?
Negative
Benzinga
2 months ago
Ibotta Analysts Slash Their Forecasts After Q3 Earnings Results
Ibotta, Inc. IBTA reported better-than-expected third-quarter sales on Wednesday.
Positive
CNBC Television
2 months ago
Our business will have a reacceleration in the coming year, says ibotta CEO Bryan Leach
Bryan Leach, ibotta CEO, joins 'Closing Bell: Overtime' to discuss earnings, the state of consumers and grocery partners.
Neutral
GlobeNewsWire
2 months ago
Ibotta Reports Third Quarter 2024 Financial Results
Grew revenue by 16% year-over-year to $98.6 million and non-GAAP revenue by 19%
Neutral
Accesswire
2 months ago
Investors Are Invited To Join The Schall Law Firm In An Inquiry Into Ibotta Inc For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ibotta, Inc. ("Ibotta" or "the Company") (NYSE:IBTA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
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