IBEX Limited (NASDAQ:IBEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of IBEX Limited (NASDAQ:IBEX) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.20.

IBEX has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday. Piper Sandler restated a “neutral” rating and issued a $17.00 target price on shares of IBEX in a report on Friday, February 9th. TheStreet cut shares of IBEX from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th. Finally, Truist Financial decreased their price objective on IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 9th.

Insider Buying and Selling

In other IBEX news, insider Jeffrey Hays Cox sold 9,383 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $16.05, for a total value of $150,597.15. Following the completion of the sale, the insider now owns 385,251 shares in the company, valued at approximately $6,183,278.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in shares of IBEX by 126.4% in the 3rd quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock worth $70,000 after buying an additional 2,546 shares during the last quarter. Barclays PLC grew its position in shares of IBEX by 15.9% during the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after acquiring an additional 1,363 shares during the period. Seizert Capital Partners LLC purchased a new stake in shares of IBEX during the 3rd quarter worth approximately $263,000. Trexquant Investment LP raised its holdings in shares of IBEX by 13.0% in the 3rd quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after purchasing an additional 2,085 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in IBEX by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock valued at $404,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

IBEX stock opened at $13.54 on Thursday. IBEX has a 1 year low of $11.45 and a 1 year high of $23.49. The stock has a market capitalization of $237.90 million, a PE ratio of 8.62 and a beta of 0.62. The company’s 50-day moving average is $14.82 and its 200-day moving average is $16.61.

IBEX (NASDAQ:IBEX) last announced its quarterly 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 firm had revenue of $132.63 million during 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, analysts anticipate that IBEX will post 1.95 earnings per share for the current fiscal year.

About IBEX

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.