Roth Capital started coverage on shares of iPass (NASDAQ:IPAS) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $2.00 price objective on the technology company’s stock.
Several other research firms have also recently issued reports on IPAS. Zacks Investment Research upgraded shares of iPass from a sell rating to a hold rating in a research note on Wednesday, January 3rd. Maxim Group reiterated a buy rating and issued a $2.00 target price on shares of iPass in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. iPass has a consensus rating of Hold and an average target price of $2.22.
iPass (IPAS) traded up $0.03 during midday trading on Wednesday, reaching $0.50. 1,170,384 shares of the company’s stock traded hands, compared to its average volume of 608,377. iPass has a fifty-two week low of $0.44 and a fifty-two week high of $1.63. The stock has a market cap of $33.37, a PE ratio of -1.85 and a beta of -0.34.
Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of iPass by 2.4% during the 2nd quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock valued at $173,000 after buying an additional 3,058 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of iPass during the 2nd quarter valued at $100,000. Royce & Associates LP raised its position in shares of iPass by 14.3% during the 3rd quarter. Royce & Associates LP now owns 948,500 shares of the technology company’s stock valued at $626,000 after buying an additional 118,500 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of iPass during the 2nd quarter valued at $228,000. Finally, P.A.W. Capital Corp raised its position in shares of iPass by 143.9% during the 3rd quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock valued at $330,000 after buying an additional 295,000 shares in the last quarter. Hedge funds and other institutional investors own 26.58% of the company’s stock.
iPass Company Profile
iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.
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