In a filing, Ibotta Inc revealed its Officer Daspit Marisa acquired Company’s shares for reported $0.33 million on Nov 25 ’24. In the deal valued at $72.84 per share,4,466 shares were bought.
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Then, Lehrman Thomas D sold 34,571 shares, generating $2,376,005 in total proceeds. Upon selling the shares at $68.73, the Director now owns 0 shares.
Before that, Lehrman Thomas D sold 32,935 shares. Ibotta Inc shares valued at $2,192,030 were divested by the Director at a price of $66.56 per share. As a result of the transaction, Lehrman Thomas D now holds 34,571 shares, worth roughly $2.43 million.
UBS downgraded its Ibotta Inc [IBTA] rating to a Neutral from a a Buy in a research note published on November 14, 2024; the price target was decreased to $65 from $90. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Needham also remained covering IBTA and reiterated its “Buy” recommendation on August 14, 2024. Wells Fargo started covering the stock on May 13, 2024. It rated IBTA as “an Overweight”.
Price Performance Review of IBTA
On Monday, Ibotta Inc [NYSE:IBTA] saw its stock fall -0.27% to $70.43. Over the last five days, the stock has gained 7.86%. Ibotta Inc shares have fallen nearly -31.79% since the year began.
Levels Of Support And Resistance For IBTA Stock
The 24-hour chart illustrates a support level at 68.81, which if violated will result in even more drops to 67.18. On the upside, there is a resistance level at 73.60. A further resistance level may holdings at 76.76. The Relative Strength Index (RSI) on the 14-day chart is 52.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.35%. Stochastics %K at 47.28% indicates the stock is a holding.
How much short interest is there in Ibotta Inc?
A steep rise in short interest was recorded in Ibotta Inc stocks on 2024-10-31, dropping by 1687.0 shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.93 million shares. There was a decline of -0.18%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $125 price target.
