IBEX (NASDAQ:IBEX) PT Lowered to $23.00

IBEX (NASDAQ:IBEX) had its price target lowered by investment analysts at Robert W. Baird from $28.00 to $23.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 69.24% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Citigroup lowered their price objective on shares of IBEX from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Piper Sandler lowered their price objective on shares of IBEX from $32.00 to $24.00 in a research report on Friday, May 19th. Royal Bank of Canada downgraded shares of IBEX from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $27.00 to $18.00 in a research report on Thursday. Finally, TheStreet downgraded shares of IBEX from a “b-” rating to a “c” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.33.

IBEX Stock Performance

NASDAQ IBEX opened at $13.59 on Thursday. IBEX has a one year low of $11.45 and a one year high of $31.40. The company’s 50 day moving average price is $19.28 and its 200 day moving average price is $21.59. The firm has a market capitalization of $247.99 million, a price-to-earnings ratio of 11.52 and a beta of 0.57.

Institutional Trading of IBEX

A number of hedge funds have recently made changes to their positions in IBEX. Legal & General Group Plc grew its position in shares of IBEX by 82.7% during the fourth quarter. Legal & General Group Plc now owns 1,047 shares of the company’s stock worth $26,000 after buying an additional 474 shares in the last quarter. Amalgamated Bank grew its position in shares of IBEX by 80.7% during the fourth quarter. Amalgamated Bank now owns 1,635 shares of the company’s stock worth $41,000 after buying an additional 730 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of IBEX during the second quarter worth approximately $43,000. Denali Advisors LLC acquired a new stake in shares of IBEX during the first quarter worth approximately $59,000. Finally, Castleview Partners LLC acquired a new stake in shares of IBEX during the first quarter worth approximately $59,000. Institutional investors and hedge funds own 35.84% 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 value-added 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.