iPass Inc. (IPAS) Given Average Rating of “Hold” by Brokerages
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.
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.
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.
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