iPass (IPAS) Stock Price Down 0%

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Shares of iPass Inc. (NASDAQ:IPAS) traded down 0% during mid-day trading on Thursday . The company traded as low as $0.26 and last traded at $0.26. 3,275 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 508,650 shares. The stock had previously closed at $0.26.

A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of iPass from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Maxim Group reiterated a “buy” rating and issued a $1.00 price objective on shares of iPass in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded shares of iPass from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. iPass presently has a consensus rating of “Hold” and a consensus price target of $1.47.

The company has a debt-to-equity ratio of -3.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $24.82 million, a PE ratio of -0.86 and a beta of 0.13.

iPass (NASDAQ:IPAS) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). iPass had a negative net margin of 40.13% and a negative return on equity of 130,046.80%. The business had revenue of $10.54 million during the quarter, compared to analyst estimates of $12.90 million. equities research analysts expect that iPass Inc. will post -0.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of IPAS. Manatuck Hill Partners LLC increased its holdings in iPass by 133.3% during the second quarter. Manatuck Hill Partners LLC now owns 1,050,000 shares of the technology company’s stock worth $362,000 after buying an additional 600,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in iPass during the second quarter worth $566,000. Pratt Collard Advisory Partners LLC increased its holdings in iPass by 8.2% during the second quarter. Pratt Collard Advisory Partners LLC now owns 1,790,120 shares of the technology company’s stock worth $617,000 after buying an additional 135,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in iPass by 8.0% during the second quarter. Renaissance Technologies LLC now owns 3,554,108 shares of the technology company’s stock worth $1,225,000 after buying an additional 262,210 shares during the last quarter. Institutional investors own 19.38% of the company’s stock.

iPass Company Profile (NASDAQ:IPAS)

iPass Inc provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. It offers mobile connectivity services that provide cloud-based solution allowing customers and their users access to its Wi-Fi network to stay connected to the people and information.

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