iPass Inc. (NASDAQ:IPAS) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $2.28.

A number of equities analysts have recently issued reports on IPAS shares. Maxim Group restated a “buy” rating and issued a $2.00 price objective on shares of iPass in a research note on Thursday, September 14th. Aegis dropped their price objective 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. Zacks Investment Research upgraded shares of iPass from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, ValuEngine cut shares of iPass from a “hold” rating to a “sell” rating in a research note on Monday, July 24th.

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In other iPass news, CEO Gary A. Griffiths acquired 100,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $0.56 per share, for a total transaction of $56,000.00. Following the purchase, the chief executive officer now owns 1,022,500 shares in the company, valued at approximately $572,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in IPAS. Northern Trust Corp increased its position 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 purchasing an additional 3,058 shares in the last quarter. Abbrea Capital LLC increased its position in shares of iPass by 3.5% during the 2nd 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. Renaissance Technologies LLC increased its position in shares of iPass by 0.6% during the 1st 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. Susquehanna International Group LLP acquired a new stake in shares of iPass during the 2nd quarter worth about $100,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of iPass during the 2nd quarter worth about $228,000. Institutional investors own 23.79% of the company’s stock.

iPass (IPAS) remained flat at $$0.55 during trading hours on Wednesday. 86,083 shares of the stock traded hands, compared to its average volume of 402,855. iPass has a fifty-two week low of $0.51 and a fifty-two week high of $1.74.

iPass Company Profile

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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