Primecap Management Co. CA Has $4.18 Million Stake in Ibotta, Inc. $IBTA

Primecap Management Co. CA lifted its position in shares of Ibotta, Inc. (NYSE:IBTA) by 25.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,165 shares of the company’s stock after buying an additional 30,190 shares during the quarter. Primecap Management Co. CA’s holdings in Ibotta were worth $4,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in Ibotta by 2.0% during the third quarter. Rhumbline Advisers now owns 19,256 shares of the company’s stock valued at $536,000 after acquiring an additional 380 shares during the last quarter. CWM LLC lifted its stake in shares of Ibotta by 50.8% in the 3rd quarter. CWM LLC now owns 1,422 shares of the company’s stock valued at $40,000 after purchasing an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ibotta by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock valued at $396,000 after purchasing an additional 515 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Ibotta during the second quarter worth approximately $66,000. Finally, Tower Research Capital LLC TRC increased its holdings in Ibotta by 144.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,851 shares of the company’s stock worth $141,000 after purchasing an additional 2,274 shares in the last quarter.

Ibotta Trading Down 5.5%

NYSE IBTA opened at $24.90 on Friday. The company has a market cap of $583.78 million, a P/E ratio of 226.38 and a beta of -0.88. The company has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $25.47. Ibotta, Inc. has a 12-month low of $19.10 and a 12-month high of $62.74.

Ibotta (NYSE:IBTA) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $88.53 million during the quarter. Ibotta had a net margin of 1.04% and a return on equity of 0.99%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IBTA shares. Wall Street Zen cut Ibotta from a “hold” rating to a “sell” rating in a report on Saturday. Evercore cut their target price on shares of Ibotta from $38.00 to $32.00 and set an “in-line” rating on the stock in a research note on Thursday, November 13th. The Goldman Sachs Group reduced their price target on shares of Ibotta from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, November 13th. Bank of America dropped their price objective on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $33.14.

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.