iPass (IPAS) Given a $2.00 Price Target by Roth Capital Analysts

Posted by Max Byerly on Mar 27th, 2018 // Comments off

Roth Capital set a $2.00 price target on iPass (NASDAQ:IPAS) in a report issued on Saturday. The firm currently has a buy rating on the technology company’s stock.

Several other analysts also recently commented on IPAS. Maxim Group set a $2.00 price objective on shares of iPass and gave the company a buy rating in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of iPass from a sell rating to a hold rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. iPass has an average rating of Buy and a consensus target price of $2.22.

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IPAS stock opened at $0.38 on Friday. The stock has a market cap of $27.25, a PE ratio of -1.23 and a beta of -0.02. iPass has a 12 month low of $0.28 and a 12 month high of $1.51.

iPass (NASDAQ:IPAS) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $13.24 million during the quarter, compared to analyst estimates of $12.90 million. iPass had a negative net margin of 37.78% and a negative return on equity of 282.05%. equities analysts expect that iPass will post -0.04 EPS for the current year.

A number of hedge funds have recently made changes to their positions in IPAS. Northern Trust Corp grew its position in 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 purchasing an additional 3,058 shares during the last quarter. Royce & Associates LP grew its position in 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 purchasing an additional 118,500 shares during the last quarter. Finally, Pratt Collard Advisory Partners LLC purchased a new stake in iPass during the 4th quarter valued at about $940,000. 17.91% of the stock is currently owned by institutional investors.

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About iPass

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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