Johnson Fistel, LLP's Denver Office Continues Investigation into Ibotta, Inc. on Behalf of Shareholders Who Incurred Losses

Globe Newswire 27-Feb-2025 11:04 AM

SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Denver Law Office of Johnson Fistel, LLP is investigating whether Ibotta, Inc. (NYSE:IBTA)—headquartered in Denver, Colorado—or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors.

What if I purchased Ibotta securities? If you purchased securities and suffered losses on your investment, join our investigation now: Click Here to Join the Investigation

For more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471

There is no cost or obligation to you.

What is Johnson Fistel investigating? On February 26, 2025, Ibotta announced its financial results for the fourth quarter and full year ended December 31, 2024, reporting quarterly revenue of $98.4 million, representing a 1% year-over-year decline, while also issuing a first-quarter 2025 revenue outlook ranging from $80 million to $84 million, reflecting a 0% year-over-year increase at the midpoint; following this announcement, Ibotta's stock experienced a decline of over 40% in early morning trading.

Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its April 2024 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com