New insider activity at IBEX ( (IBEX) ) has taken place on February 22, 2025.
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Director Mohammedulla Khaishgi has recently sold 12,600 shares of IBEX stock, generating a total of $322,182 from the transaction.
Recent Updates on IBEX stock
Ibex Ltd recently reported a record quarterly revenue of $140.7 million, achieving the highest growth in two years, driven by strategic client wins and the implementation of AI solutions. The company also improved its profitability, with adjusted EPS rising by 36% to $0.59, and adjusted EBITDA margins expanding by 100 basis points. Despite a 15% decline in its FinTech revenue due to changes in client payment support models, the overall outlook remains positive. The company repurchased 3.6 million shares, eliminating its controlled status under NASDAQ, and strengthened its board with AI and industry experts. The positive earnings report and strategic initiatives have led to an increase in the company’s price targets by analysts, reflecting confidence in Ibex’s continued growth and margin expansion. Ibex raised its fiscal year revenue guidance to $525-$535 million and adjusted EBITDA to $68-$69 million, fueled by strong offshore revenue growth and strategic investments in AI capabilities.
More about IBEX
YTD Price Performance: 19.03%
Average Trading Volume: 161,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $340.7M