iPass (IPAS) Earning Somewhat Positive News Coverage, Study Finds

Headlines about iPass (NASDAQ:IPAS) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. iPass earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.1984563616167 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages recently weighed in on IPAS. ValuEngine downgraded shares of iPass from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Maxim Group set a $2.00 target price on shares of iPass and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of iPass from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Aegis lowered their target price on shares of iPass from $2.75 to $1.40 and set a “buy” rating on the stock in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. iPass has an average rating of “Hold” and an average price target of $2.28.

Shares of iPass (NASDAQ IPAS) remained flat at $$0.54 during trading hours on Tuesday. 170,800 shares of the stock were exchanged, compared to its average volume of 218,976. iPass has a 12-month low of $0.49 and a 12-month high of $1.74.

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About iPass

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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