iPass Inc. (IPAS) Given Average Rating of “Buy” by Analysts
iPass Inc. (NASDAQ:IPAS) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.50.
IPAS has been the subject of several analyst reports. Aegis reiterated a “hold” rating on shares of iPass in a research note on Thursday, November 15th. Zacks Investment Research cut shares of iPass from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Maxim Group cut shares of iPass from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Finally, ValuEngine upgraded shares of iPass from a “hold” rating to a “buy” rating in a research note on Friday, October 19th.
Shares of iPass stock opened at $2.70 on Tuesday. iPass has a twelve month low of $1.10 and a twelve month high of $6.10. The stock has a market capitalization of $21.50 million, a price-to-earnings ratio of -0.87 and a beta of 0.23.
A hedge fund recently raised its stake in iPass stock. Pratt Collard Advisory Partners LLC grew its position in iPass Inc. (NASDAQ:IPAS) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,812 shares of the technology company’s stock after buying an additional 70,350 shares during the quarter. Pratt Collard Advisory Partners LLC owned 2.97% of iPass worth $460,000 as of its most recent SEC filing. 13.75% of the stock is currently owned by institutional investors and hedge funds.
iPass Company Profile
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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