iPass Inc. (IPAS) Receives Average Rating of “Hold” from Brokerages

Shares of iPass Inc. (NASDAQ:IPAS) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.28.

Several research firms recently weighed in on IPAS. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Maxim Group restated a “buy” rating and issued a $2.00 price objective on shares of iPass in a research report on Thursday, November 2nd. Finally, Aegis lowered their price objective on iPass from $2.75 to $1.40 and set a “buy” rating on the stock in a research report on Wednesday, September 13th.

Institutional investors have recently made changes to their positions in the company. Millennium TVP Management Co. LLC purchased a new position in shares of iPass in the third quarter valued at about $3,553,000. P.A.W. Capital Corp increased its holdings in shares of iPass by 143.9% in the third quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock worth $330,000 after purchasing an additional 295,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 during the last quarter. Abbrea Capital LLC increased its holdings in shares of 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 during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 31.38% of the company’s stock.

iPass (NASDAQ:IPAS) traded up $0.01 during midday trading on Friday, reaching $0.65. The company had a trading volume of 84,693 shares, compared to its average volume of 414,563. iPass has a 12 month low of $0.49 and a 12 month high of $1.74.

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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)

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