iPass Inc. (NASDAQ:IPAS) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.28.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Maxim Group reiterated a “buy” rating and issued a $2.00 price target on shares of iPass in a report on Thursday, November 2nd.
Shares of iPass (IPAS) traded down $0.01 on Monday, reaching $0.48. The company’s stock had a trading volume of 541,100 shares, compared to its average volume of 509,044. The firm has a market cap of $32.30, a P/E ratio of -1.78 and a beta of -0.34. iPass has a 52 week low of $0.47 and a 52 week high of $1.63.
Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of iPass during the 2nd quarter worth $100,000. Northern Trust Corp increased its holdings in shares of iPass by 2.4% during the 2nd quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock worth $173,000 after buying an additional 3,058 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in shares of iPass during the 2nd quarter worth $228,000. P.A.W. Capital Corp increased its holdings in shares of iPass by 143.9% during the 3rd quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock worth $330,000 after buying an additional 295,000 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of iPass by 14.3% during the 3rd quarter. Royce & Associates LP now owns 948,500 shares of the technology company’s stock worth $626,000 after buying an additional 118,500 shares during the last quarter. Institutional investors and hedge funds own 26.58% of the company’s stock.
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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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