iPass Inc. (IPAS) Given Average Recommendation of “Buy” by Brokerages
Shares of iPass Inc. (NASDAQ:IPAS) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.50.
Several brokerages recently weighed in on IPAS. Zacks Investment Research raised shares of iPass from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Saturday, November 17th. Aegis reiterated a “hold” rating on shares of iPass in a research report on Thursday, November 15th. Maxim Group lowered iPass from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, ValuEngine upgraded iPass from a “hold” rating to a “buy” rating in a research report on Friday, October 19th.
An institutional investor recently raised its position in iPass stock. Renaissance Technologies LLC grew its position in iPass Inc. (NASDAQ:IPAS) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,554,108 shares of the technology company’s stock after purchasing an additional 262,210 shares during the quarter. Renaissance Technologies LLC owned approximately 4.89% of iPass worth $1,225,000 as of its most recent filing with the SEC. 12.91% of the stock is currently owned by institutional investors.
iPass Company Profile
iPass Inc provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. It offers mobile connectivity services that provide cloud-based solution allowing customers and their users access to its Wi-Fi network to stay connected to the people and information.
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