IBEX (NASDAQ:IBEX) PT Lowered to $20.00

IBEX (NASDAQ:IBEX) had its price target cut by Robert W. Baird from $21.00 to $20.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on IBEX. Piper Sandler restated a neutral rating and set a $17.00 price objective on shares of IBEX in a report on Friday, February 9th. Truist Financial lowered their price objective on shares of IBEX from $25.00 to $22.00 and set a buy rating on the stock in a report on Friday, February 9th. Finally, TheStreet downgraded shares of IBEX from a b- rating to a c+ rating in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $19.20.

IBEX Stock Up 1.5 %

Shares of NASDAQ IBEX opened at $13.36 on Friday. The firm has a market cap of $234.74 million, a PE ratio of 8.51 and a beta of 0.62. IBEX has a 12-month low of $11.45 and a 12-month high of $23.49. The company’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $16.61.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $132.63 million for the quarter, compared to the consensus estimate of $137.38 million. IBEX had a return on equity of 20.10% and a net margin of 5.79%. On average, equities analysts predict that IBEX will post 1.95 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey Hays Cox sold 7,331 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total value of $117,735.86. Following the completion of the sale, the insider now owns 402,920 shares in the company, valued at $6,470,895.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.80% of the stock is currently owned by corporate insiders.

Institutional Trading of IBEX

A number of large investors have recently added to or reduced their stakes in IBEX. Resource Group International Ltd purchased a new stake in IBEX during the fourth quarter worth about $103,964,000. Circumference Group LLC purchased a new stake in IBEX during the fourth quarter worth about $7,842,000. American Century Companies Inc. increased its holdings in IBEX by 20.9% during the third quarter. American Century Companies Inc. now owns 1,238,785 shares of the company’s stock worth $19,139,000 after buying an additional 214,484 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in IBEX by 225.9% during the first quarter. JPMorgan Chase & Co. now owns 188,432 shares of the company’s stock worth $4,598,000 after buying an additional 130,609 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in IBEX by 28.6% during the second quarter. BlackRock Inc. now owns 581,454 shares of the company’s stock worth $12,344,000 after buying an additional 129,234 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.