iPass Inc. (IPAS) Earns Buy Rating from Maxim Group
“Mobilise, an IPAS value added reseller to the Mobile Virtual Network Operator (MVNO) market, will deliver unlimited WiFi service to German-based mobilcom-debitel.”,” Maxim Group’s analyst commented.
IPAS has been the subject of a number of other research reports. ValuEngine downgraded shares of iPass from a hold rating to a sell rating in a research note on Monday, July 24th. Aegis decreased their price target on shares of iPass from $2.75 to $1.40 and set a buy rating for the company in a research note on Wednesday, September 13th. Finally, Zacks Investment Research downgraded shares of iPass from a hold rating to a sell rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $2.28.
iPass (IPAS) opened at 0.59 on Thursday. The company’s 50 day moving average is $0.66 and its 200 day moving average is $1.13. iPass has a 1-year low of $0.51 and a 1-year high of $1.89. The company’s market cap is $39.34 million.
iPass (NASDAQ:IPAS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). iPass had a negative return on equity of 78.31% and a negative net margin of 20.49%. The firm had revenue of $13.47 million during the quarter. Equities research analysts forecast that iPass will post ($0.25) EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/18/ipass-inc-ipas-earns-buy-rating-from-maxim-group.html.
In related news, CEO Gary A. Griffiths acquired 100,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $0.56 per share, with a total value of $56,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,022,500 shares in the company, valued at $572,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. P.A.W. Capital Corp acquired a new stake in iPass during the second quarter worth approximately $271,000. Renaissance Technologies LLC raised its holdings in iPass by 0.6% during 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 in the last quarter. Abbrea Capital LLC raised its holdings in iPass by 3.5% during 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 in the last quarter. Royce & Associates LP acquired a new stake in iPass during the first quarter worth approximately $749,000. Finally, Emancipation Management LLC acquired a new stake in iPass during the second quarter worth approximately $228,000. 23.36% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for iPass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPass Inc. and related stocks with our FREE daily email newsletter.