IBEX Limited (NASDAQ:IBEX) Receives Average Recommendation of “Hold” from Analysts

Shares of IBEX Limited (NASDAQ:IBEX) have been given an average rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.80.

A number of analysts recently weighed in on IBEX shares. TheStreet cut shares of IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Truist Financial decreased their price target on IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $17.00 price objective on shares of IBEX in a research note on Friday, February 9th.

Insider Activity

In other IBEX news, insider Jeffrey Hays Cox sold 7,331 shares of the stock in a transaction that occurred on 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 approximately $6,470,895.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in IBEX. Legal & General Group Plc increased its holdings in shares of IBEX by 82.7% during the 4th quarter. Legal & General Group Plc now owns 1,047 shares of the company’s stock valued at $26,000 after acquiring an additional 474 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of IBEX by 12.6% during the 3rd quarter. Lazard Asset Management LLC now owns 5,201 shares of the company’s stock worth $80,000 after buying an additional 583 shares during the period. Charles Schwab Investment Management Inc. grew its stake in IBEX by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,674 shares of the company’s stock valued at $504,000 after buying an additional 636 shares during the last quarter. Amalgamated Bank raised its holdings in IBEX by 80.7% in the 4th quarter. Amalgamated Bank now owns 1,635 shares of the company’s stock worth $41,000 after acquiring an additional 730 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in IBEX by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock worth $404,000 after acquiring an additional 748 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $13.03 on Thursday. IBEX has a 1 year low of $11.45 and a 1 year high of $24.08. The stock has a fifty day moving average price of $15.00 and a two-hundred day moving average price of $16.64. The firm has a market cap of $228.96 million, a P/E ratio of 8.30 and a beta of 0.62.

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