A share price of Ibotta Inc [IBTA] is currently trading at $68.45, down -0.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IBTA shares have gain 5.18% over the last week, with a monthly amount drifted -10.18%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ibotta Inc [NYSE: IBTA] stock has seen the most recent analyst activity on November 14, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $65 from $90. Previously, Goldman upgraded its rating to Buy on October 14, 2024, and kept the price target unchanged to $87. On August 14, 2024, Needham reiterated its Buy rating and revised its price target to $100 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $131 on May 13, 2024. UBS initiated its recommendation with a Buy and recommended $125 as its price target on May 13, 2024. JMP Securities started tracking with a Mkt Outperform rating for this stock on May 13, 2024, and assigned it a price target of $130. In a note dated May 13, 2024, Goldman initiated an Neutral rating and provided a target price of $103 on this stock.
Ibotta Inc experienced fluctuations in its stock price throughout the past year between $41.87 and $117.59. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Ibotta Inc [NYSE: IBTA] shares were valued at $68.45 at the most recent close of the market. An investor can expect a potential return of 30.02% based on the average IBTA price forecast.
Analyzing the IBTA fundamentals
Trailing Twelve Months sales for Ibotta Inc [NYSE:IBTA] were 368.55M which represents 15.63% growth. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.74 points at the first support level, and at 67.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.02, and for the 2nd resistance point, it is at 69.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ibotta Inc [NYSE:IBTA] is 2.72. Further, the Quick Ratio stands at 2.72, while the Cash Ratio is 1.61. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 5.54 and price to earnings (TTM) ratio is 182.34.
Transactions by insiders
Recent insider trading involved Daspit Marisa, CHIEF PEOPLE OFFICER, that happened on Dec 16 ’24 when 521.0 shares were sold. Officer, Daspit Marisa completed a deal on Dec 16 ’24 to buy 521.0 shares. Meanwhile, Director Lehrman Thomas D sold 0.15 million shares on Dec 12 ’24.
