Shares of iPass Inc. (NASDAQ:IPAS) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.28.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Maxim Group reiterated a “buy” rating and issued a $2.00 price target on shares of iPass in a report on Thursday, September 14th. Aegis reduced their price target on iPass from $2.75 to $1.40 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Finally, ValuEngine downgraded iPass from a “hold” rating to a “sell” rating in a report on Monday, July 24th.

Shares of iPass (NASDAQ IPAS) traded up 0.4247% during midday trading on Friday, hitting $0.7331. The stock had a trading volume of 55,005 shares. iPass has a 52-week low of $0.51 and a 52-week high of $1.89. The company’s market cap is $48.88 million. The company’s 50 day moving average is $0.61 and its 200 day moving average is $1.07.

iPass (NASDAQ:IPAS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05). iPass had a negative return on equity of 78.31% and a negative net margin of 20.49%. The business had revenue of $13.47 million during the quarter. On average, analysts anticipate that iPass will post ($0.24) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “iPass Inc. (IPAS) Receives Consensus Rating of “Hold” from Brokerages” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/ipass-inc-ipas-receives-consensus-rating-of-hold-from-brokerages/1616321.html.

In other news, CEO Gary A. Griffiths acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $0.56 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,022,500 shares in the company, valued at $572,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. P.A.W. Capital Corp bought a new position in iPass in the second quarter worth approximately $271,000. Renaissance Technologies LLC grew its stake in iPass by 0.6% in the first quarter. Renaissance Technologies LLC now owns 3,153,798 shares of the technology company’s stock worth $3,690,000 after purchasing an additional 19,806 shares in the last quarter. Royce & Associates LP grew its stake in iPass by 29.7% in the second quarter. Royce & Associates LP now owns 830,000 shares of the technology company’s stock worth $1,096,000 after purchasing an additional 190,000 shares in the last quarter. Abbrea Capital LLC grew its stake in iPass by 3.5% in the second quarter. Abbrea Capital LLC now owns 326,000 shares of the technology company’s stock worth $430,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Emancipation Management LLC bought a new position in iPass in the second quarter worth approximately $228,000. 23.36% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for iPass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPass Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.