Zacks Investment Research upgraded shares of iPass (NASDAQ:IPAS) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “iPass Inc provides software-enabled enterprise connectivity services for mobile workers. iPass’ primary service is designed to enable enterprises to provide their employees with secure access to the enterprise’s internal network through an easy-to-use interface. “

A number of other equities analysts have also recently commented on IPAS. Maxim Group reissued 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $2.28.

iPass (NASDAQ IPAS) opened at $0.54 on Wednesday. iPass has a 52 week low of $0.49 and a 52 week high of $1.63. The company has a market cap of $36.11, a price-to-earnings ratio of -2.01 and a beta of -0.34.

Several large investors have recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of iPass by 2.4% in 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 in the last quarter. Susquehanna International Group LLP purchased a new position in shares of iPass in the 2nd quarter worth $100,000. Royce & Associates LP grew its stake in shares of iPass by 14.3% in 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 in the last quarter. Sterling Capital Management LLC purchased a new position in shares of iPass in the 2nd quarter worth $228,000. Finally, Emancipation Management LLC purchased a new position in shares of iPass in the 2nd quarter worth $228,000. 26.58% of the stock is owned by institutional investors and hedge funds.

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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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