iPass (IPAS) Research Coverage Started at Roth Capital

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.

iPass (NASDAQ:IPAS) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.05). iPass had a negative return on equity of 149.50% and a negative net margin of 30.66%. equities research analysts forecast that iPass will post -0.29 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for iPass (NASDAQ:IPAS)

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