iPass (IPAS) Receiving Somewhat Critical News Coverage, Study Shows

Media coverage about iPass (NASDAQ:IPAS) has been trending somewhat negative this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. iPass earned a news sentiment score of -0.02 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.1536792255003 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

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A number of analysts recently commented on IPAS shares. 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 stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Roth Capital started 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. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $2.10.

IPAS stock traded down $0.02 during trading on Monday, reaching $0.33. The company had a trading volume of 298,020 shares, compared to its average volume of 468,920. The stock has a market capitalization of $24.62, a PE ratio of -1.06 and a beta of 0.02. iPass has a twelve month low of $0.28 and a twelve month high of $1.51.

iPass (NASDAQ:IPAS) last released its earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $13.24 million during the quarter, compared to analysts’ expectations of $12.90 million. iPass had a negative net margin of 37.78% and a negative return on equity of 282.05%. sell-side analysts anticipate that iPass will post -0.05 earnings per share for the current year.

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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.

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