iPass (IPAS) Getting Somewhat Positive Press Coverage, Accern Reports
Media coverage about iPass (NASDAQ:IPAS) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iPass earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.444423620234 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- iPass Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Technical Investor Update for Ipass Inc (IPAS) – Lockport Press (lockportpress.com)
- iPass’ (IPAS) CEO Gary Griffiths on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of IPAS earnings conference call or presentation 1-Nov-17 9:00pm GMT (finance.yahoo.com)
- IPass rebounds postmarket after Q3 revenue beats – Seeking Alpha (seekingalpha.com)
Several equities research analysts recently commented on IPAS shares. Maxim Group reissued a “buy” rating and set a $2.00 target price on shares of iPass in a report on Thursday, September 14th. Aegis dropped their target price on iPass from $2.75 to $1.40 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Zacks Investment Research raised iPass from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, ValuEngine cut iPass from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $2.28.
Shares of iPass (NASDAQ IPAS) traded down $0.04 during trading hours on Tuesday, reaching $0.49. The company had a trading volume of 665,580 shares, compared to its average volume of 402,855. iPass has a 1 year low of $0.51 and a 1 year high of $1.74.
In other news, CEO Gary A. Griffiths acquired 100,000 shares of iPass stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $0.56 per share, for a total transaction 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 approximately $572,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.70% of the company’s stock.
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iPass Company Profile
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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