Fintel reports that on September 14, 2023, Truist Securities maintained coverage of IBEX (NASDAQ:IBEX) with a Buy recommendation.
Analyst Price Forecast Suggests 50.61% Upside
As of August 31, 2023, the average one-year price target for IBEX is 27.34. The forecasts range from a low of 23.23 to a high of $33.60. The average price target represents an increase of 50.61% from its latest reported closing price of 18.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for IBEX is 614MM, an increase of 17.42%. The projected annual non-GAAP EPS is 1.83.
What is the Fund Sentiment?
There are 229 funds or institutions reporting positions in IBEX. This is an increase of 16 owner(s) or 7.51% in the last quarter. Average portfolio weight of all funds dedicated to IBEX is 0.06%, a decrease of 3.29%. Total shares owned by institutions increased in the last three months by 8.03% to 8,120K shares. 
The put/call ratio of IBEX is 0.23, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,024K shares representing 5.61% ownership of the company. In it's prior filing, the firm reported owning 920K shares, representing an increase of 10.21%. The firm decreased its portfolio allocation in IBEX by 7.26% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 805K shares representing 4.41% ownership of the company. In it's prior filing, the firm reported owning 730K shares, representing an increase of 9.32%. The firm decreased its portfolio allocation in IBEX by 4.71% over the last quarter.
Wellington Management Group Llp holds 617K shares representing 3.38% ownership of the company. In it's prior filing, the firm reported owning 555K shares, representing an increase of 10.02%. The firm decreased its portfolio allocation in IBEX by 7.72% over the last quarter.
American International Group holds 409K shares representing 2.24% ownership of the company. In it's prior filing, the firm reported owning 408K shares, representing an increase of 0.23%. The firm decreased its portfolio allocation in IBEX by 18.91% over the last quarter.
Ameriprise Financial holds 266K shares representing 1.46% ownership of the company. In it's prior filing, the firm reported owning 292K shares, representing a decrease of 9.81%. The firm decreased its portfolio allocation in IBEX by 24.25% over the last quarter.
IBEX Background Information
(This description is provided by the company.)
With services ranging from customer service, technical support, inbound/outbound sales, business intelligence & analytics, digital demand generation, and CX surveys & feedback analytics, ibex helps brands accelerate growth, decrease costs, and ignite valuable brand interactions anywhere along the customer lifecycle.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
