Shares of iPass Inc. (NASDAQ:IPAS) have received a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.10.
IPAS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of iPass from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Maxim Group set a $2.00 target price on shares of iPass and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Roth Capital initiated coverage on shares of iPass in a research note on Wednesday, January 17th. They issued a “buy” rating and a $2.00 target price for the company.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of iPass by 2.4% in 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 period. Royce & Associates LP lifted its stake in shares of iPass by 14.3% in 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 period. Finally, Pratt Collard Advisory Partners LLC acquired a new position in shares of iPass in the 4th quarter valued at $940,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.
Shares of IPAS stock traded down $0.01 during trading hours on Friday, hitting $0.35. The company’s stock had a trading volume of 288,151 shares, compared to its average volume of 480,733. The company has a market capitalization of $25.32, a P/E ratio of -1.13 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 released its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $13.24 million for the quarter, compared to the consensus estimate of $12.90 million. iPass had a negative net margin of 37.78% and a negative return on equity of 282.05%. equities analysts forecast that iPass will post -0.05 earnings per share for the current year.
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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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