iPass (IPAS) Receives New Coverage from Analysts at Dawson James
Dawson James started coverage on shares of iPass (NASDAQ:IPAS) in a report published on Tuesday morning, The Fly reports. The brokerage issued a buy rating and a $3.00 price objective on the technology company’s stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of iPass from a hold rating to a sell rating in a research note on Tuesday, August 14th. Maxim Group reaffirmed a buy rating and set a $12.50 target price on shares of iPass in a research note on Thursday, July 19th. Finally, ValuEngine downgraded shares of iPass from a buy rating to a hold rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $11.75.
Shares of IPAS opened at $2.00 on Tuesday. iPass has a fifty-two week low of $1.76 and a fifty-two week high of $8.90. The company has a debt-to-equity ratio of -3.08, a quick ratio of 1.26 and a current ratio of 1.26.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Manatuck Hill Partners LLC grew its holdings in iPass by 133.3% during the 2nd quarter. Manatuck Hill Partners LLC now owns 1,050,000 shares of the technology company’s stock worth $362,000 after acquiring an additional 600,000 shares in the last quarter. Perkins Capital Management Inc. acquired a new position in iPass during the 2nd quarter worth approximately $566,000. Pratt Collard Advisory Partners LLC grew its holdings in iPass by 8.2% during the 2nd quarter. Pratt Collard Advisory Partners LLC now owns 1,790,120 shares of the technology company’s stock worth $617,000 after acquiring an additional 135,600 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in iPass by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 3,554,108 shares of the technology company’s stock worth $1,225,000 after acquiring an additional 262,210 shares in the last quarter. Institutional investors own 15.45% of the company’s stock.
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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