iPass Inc. (NASDAQ:IPAS) CFO Darin Vickery sold 24,631 shares of iPass stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $0.41, for a total value of $10,098.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
iPass Inc. (NASDAQ IPAS) traded up $0.04 during mid-day trading on Wednesday, reaching $0.41. The company’s stock had a trading volume of 1,174,097 shares, compared to its average volume of 503,982. The stock has a market cap of $27.03, a price-to-earnings ratio of -1.32 and a beta of -0.34. iPass Inc. has a 1-year low of $0.34 and a 1-year high of $1.51.
iPass (NASDAQ:IPAS) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business had revenue of $13.24 million during the quarter, compared to analyst estimates of $12.90 million. iPass had a negative return on equity of 217.43% and a negative net margin of 37.78%. sell-side analysts predict that iPass Inc. will post -0.05 earnings per share for the current fiscal year.
Several brokerages recently weighed in on IPAS. Zacks Investment Research raised iPass from a “sell” rating to a “hold” rating in a report on Saturday. Roth Capital assumed coverage on iPass in a report on Wednesday, January 17th. They set a “buy” rating and a $2.00 target price for the company. Finally, Maxim Group set a $2.00 target price on iPass and gave the company a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2.22.
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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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