iPass (IPAS) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of iPass (NASDAQ:IPAS) from a hold rating to a buy rating in a research note released on Friday morning.
Several other research analysts have also recently weighed in on IPAS. Zacks Investment Research raised shares of iPass from a sell rating to a hold rating in a research report on Wednesday, July 11th. Maxim Group reissued a buy rating and set a $12.50 price target on shares of iPass in a research report on Thursday, July 19th. Finally, Dawson James initiated coverage on shares of iPass in a research report on Tuesday, September 4th. They set a buy rating and a $3.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. iPass has a consensus rating of Buy and an average price target of $11.00.
Shares of IPAS stock traded down $0.09 on Friday, hitting $1.41. 50,843 shares of the stock traded hands, compared to its average volume of 87,449. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of -3.08. The stock has a market cap of $12.60 million, a price-to-earnings ratio of -0.46 and a beta of -0.26. iPass has a twelve month low of $1.39 and a twelve month high of $7.40.
A number of large investors have recently modified their holdings of IPAS. Manatuck Hill Partners LLC increased its stake in iPass by 133.3% during the second quarter. Manatuck Hill Partners LLC now owns 1,050,000 shares of the technology company’s stock worth $362,000 after purchasing an additional 600,000 shares during the period. Perkins Capital Management Inc. purchased a new stake in iPass during the second quarter worth about $566,000. Pratt Collard Advisory Partners LLC increased its stake in iPass by 8.2% during the second quarter. Pratt Collard Advisory Partners LLC now owns 1,790,120 shares of the technology company’s stock worth $617,000 after purchasing an additional 135,600 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of iPass by 8.0% during the second quarter. Renaissance Technologies LLC now owns 3,554,108 shares of the technology company’s stock worth $1,225,000 after buying an additional 262,210 shares during the period.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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