Following these transactions, Lehrman now holds 112,246 shares directly. Additionally, he maintains indirect ownership of shares through two entities, LFP 2, LLC and Four Ways, LLC, where he has voting and investment control.
Following these transactions, Lehrman now holds 112,246 shares directly. Additionally, he maintains indirect ownership of shares through two entities, LFP 2, LLC and Four Ways, LLC, where he has voting and investment control.
Following these transactions, Lehrman now holds 112,246 shares directly. Additionally, he maintains indirect ownership of shares through two entities, LFP 2, LLC and Four Ways, LLC, where he has voting and investment control.
In other recent news, Ibotta Inc. has seen a flurry of analyst activity following its recent earnings and revenue results. Citi revised its outlook on Ibotta, reducing the stock’s price target to $82 from $95, despite the company’s third-quarter results exceeding expectations due to a strong performance in third-party partner promotions. However, a dip in direct-to-consumer revenue and rapid consumption of its 2024 advertising budget led to projections of lower fourth-quarter revenue and EBITDA.
Goldman Sachs upgraded Ibotta to Buy, citing a compelling valuation and risk/reward balance. Needham, on the other hand, adjusted its outlook on Ibotta, decreasing the price target to $80 from the previous $100, while maintaining a Buy rating due to long-term prospects. UBS downgraded shares of Ibotta from Buy to Neutral, significantly reducing the price target to $65 from the previous $90, following the company’s announcement regarding advertiser budget exhaustion in the third quarter.
In addition to these analyst adjustments, Ibotta announced the initiation of a $100 million share repurchase program, signaling potential future growth. The company’s new partnership with CART has also been highlighted as a key driver of future growth. These are the recent developments that investors should keep an eye on as they navigate their investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
