Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Ibotta, Inc. and its executives, following disappointing financial results and a significant stock price drop [1][3]. Financial Performance - Ibotta reported earnings per share of $0.67 for Q4 2024, missing consensus estimates of $0.71 [3]. - The company's revenue for the same period was $98.4 million, reflecting a year-over-year decline of 1% [3]. - Ibotta provided a weaker-than-expected outlook for Q1 2025, leading to analyst downgrades due to advertising supply constraints and sales execution challenges [3]. Stock Performance - Following the release of its financial results, Ibotta's stock price fell by $29.08, or 46.09%, closing at $34.01 per share on February 27, 2025 [4]. IPO Details - Ibotta conducted its initial public offering on April 18, 2024, offering 6,560,700 shares at a price of $88.00 per share [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ibotta, Inc. - IBTA