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D. E. Shaw & Co., a prominent investment firm, recently reported the sale of Ibotta, Inc. (NASDAQ:IBTA) stock worth approximately $3 million. The transactions occurred on March 3, 2025, involving the sale of Class A common stock at prices ranging from $32.8878 to $34.7886 per share.
The sales were conducted by various entities associated with D. E. Shaw, including D. E. Shaw Valence Portfolios, L.L.C. and D. E. Shaw Oculus Portfolios, L.L.C. Following these transactions, the firm still holds a significant number of shares in Ibotta, indicating continued investment in the company. The company maintains strong fundamentals, with impressive gross profit margins of 86% and a healthy current ratio of 2.85.
The transactions were part of routine portfolio management activities by the investment firm, which is known for its strategic and data-driven investment approach. This move reflects the firm’s ongoing assessment and rebalancing of its investment portfolio. InvestingPro analysis suggests the stock is currently undervalued, with 14 additional exclusive insights available to subscribers, including detailed valuation metrics and growth forecasts.
In other recent news, Ibotta Inc’s fourth-quarter earnings and revenue results have prompted several analysts to revise their outlooks. BofA Securities downgraded the company’s stock rating from ’Buy’ to ’Neutral,’ significantly reducing the price target to $40 due to underperformance in Ibotta’s third-party platform segment and ongoing supply constraints. Similarly, Citi downgraded Ibotta from ’Buy’ to ’Neutral,’ cutting the price target to $44, citing challenges with advertising supply and the time needed to prove return on ad spend to partners. Raymond (NSE:RYMD) James also downgraded Ibotta to ’Market Perform’ following a disappointing fourth-quarter report and a weaker outlook for the first quarter of 2025.
Meanwhile, Needham maintained a ’Buy’ rating but reduced the price target to $60, acknowledging the company’s supply issues but expressing confidence in Ibotta’s shift to a programmatic spending model. Goldman Sachs also maintained a ’Buy’ rating, lowering the price target to $56, highlighting both the challenges in advertiser demand and the potential for long-term growth through third-party publisher supply. Analysts from these firms emphasize the importance of Ibotta’s strategic shifts and the development of new measurement tools as critical steps for future growth. Despite differing ratings, there is a consensus that Ibotta’s current challenges will require time to address, with some analysts still seeing potential in the company’s long-term strategies.
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