Ibotta Inc’s recent filing unveils that its CHIEF PEOPLE OFFICER Daspit Marisa unloaded Company’s shares for reported $38641.0 on Dec 16 ’24. In the deal valued at $74.17 per share,521 shares were sold. As a result of this transaction, Daspit Marisa now holds 22,685 shares worth roughly $1.36 million.
Then, Daspit Marisa bought 521 shares, generating $38,641 in total proceeds.
Before that, Lehrman Thomas D sold 145,141 shares. Ibotta Inc shares valued at $10,667,135 were divested by the Director at a price of $73.49 per share. As a result of the transaction, Lehrman Thomas D now holds 64,599 shares, worth roughly $3.89 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 Friday, Ibotta Inc [NYSE:IBTA] saw its stock fall -1.39% to $60.15. Over the last five days, the stock has lost -18.32%. Ibotta Inc shares have fallen nearly -41.74% since the year began.
Levels Of Support And Resistance For IBTA Stock
The 24-hour chart illustrates a support level at 58.86, which if violated will result in even more drops to 57.57. On the upside, there is a resistance level at 61.95. A further resistance level may holdings at 63.75. The Relative Strength Index (RSI) on the 14-day chart is 29.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.59%. Stochastics %K at 2.46% indicates the stock is a buying.
How much short interest is there in Ibotta Inc?
A steep rise in short interest was recorded in Ibotta Inc stocks on 2024-11-29, growing by 0.29 million shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.93 million shares. There was a rise of 23.53%, which implies that there is a positive 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.
