iPass (NASDAQ:IPAS) fell 0% on Tuesday . The stock traded as low as $0.36 and last traded at $0.36. 1,033,187 shares were traded during mid-day trading, an increase of 109% from the average session volume of 495,261 shares. The stock had previously closed at $0.36.
Several brokerages have weighed in on IPAS. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Maxim Group set a $2.00 price objective on iPass and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Roth Capital began coverage on iPass in a research note on Wednesday, January 17th. They set a “buy” rating and a $2.00 price objective for the company. Finally, ValuEngine upgraded iPass from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. iPass currently has a consensus rating of “Buy” and a consensus price target of $1.80.
The company has a market capitalization of $25.36, a price-to-earnings ratio of -1.08 and a beta of 0.02.
An institutional investor recently raised its position in iPass stock. Northern Trust Corp increased its stake in shares of iPass (NASDAQ:IPAS) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,999 shares of the technology company’s stock after purchasing an additional 3,058 shares during the quarter. Northern Trust Corp owned approximately 0.20% of iPass worth $173,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.77% of the company’s stock.
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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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