Gold prices bounce off 3-week lows; demand likely longer term
In a recent transaction reported to the Securities and Exchange Commission, Patrick McGinnis, a director at IBEX Ltd (NASDAQ:IBEX), sold 220 common shares of the company. The sale comes as IBEX demonstrates strong market performance, with the stock delivering an impressive 87% return over the past year. According to InvestingPro analysis, the company maintains a "GREAT" financial health score. The shares were sold at a price of $30 each, totaling $6,600. Following this transaction, McGinnis holds 4,780 shares directly. This sale was documented for the period ending June 12, 2025. Trading at a P/E ratio of 13.6, IBEX shows promising fundamentals, with management actively buying back shares. InvestingPro subscribers can access 10 additional key insights about IBEX’s financial outlook and comprehensive Pro Research Reports, available for over 1,400 US stocks.
In other recent news, IBEX Ltd reported a record quarterly revenue of $140.7 million for Q3 2025, marking an 11% increase year-over-year. The company also posted an adjusted earnings per share (EPS) of $0.82, surpassing market expectations and reflecting an 18% increase from the previous year. Following these strong financial results, IBEX raised its full-year revenue guidance to a range of $540-$545 million. Additionally, the company launched its Wave IX AI solutions, aimed at enhancing customer interaction and language translation, further contributing to its growth narrative.
In related developments, Baird analysts downgraded IBEX’s stock from Outperform to Neutral, setting a price target of $30.00. This decision was influenced by the company’s current valuation, which aligns with industry take-out valuations. Despite the downgrade, analysts at Baird remain positive about IBEX’s growth prospects, noting the company’s success in capturing market share. The company has also made strategic moves by appointing Ricky Fields as the Global Head of Business Development for its AI solutions platform, Wave iX.
Fields, with experience from companies like Google (NASDAQ:GOOGL) and Avaya, is expected to enhance IBEX’s go-to-market strategy and contribute to new revenue generation. These recent developments reflect IBEX’s ongoing efforts to expand its offerings and strengthen its position in the customer experience industry.
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