iPass Inc. (NASDAQ:IPAS) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $0.60 and last traded at $0.60, with a volume of 257,545 shares. The stock had previously closed at $0.62.
Several research analysts have commented on IPAS shares. Maxim Group set a $2.00 target price on iPass and gave the stock a “buy” rating in a research note on Thursday, August 3rd. ValuEngine downgraded iPass from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research cut iPass from a “hold” rating to a “sell” rating in a report on Tuesday. Benchmark Co. started coverage on iPass in a report on Tuesday, April 25th. They issued a “buy” rating and a $3.00 price target on the stock. Finally, Aegis raised iPass from a “hold” rating to a “buy” rating and raised their price target for the company from $1.35 to $2.75 in a report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.61.
The firm’s 50 day moving average is $1.06 and its 200-day moving average is $1.24. The firm’s market cap is $40.01 million.
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 purchased at an average price of $0.56 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,022,500 shares in the company, valued at approximately $572,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Royce & Associates LP purchased a new position in shares of iPass during the first quarter worth approximately $749,000. P.A.W. Capital Corp purchased a new position in shares of iPass during the second quarter worth approximately $271,000. Emancipation Management LLC purchased a new position in shares of iPass during the second quarter worth approximately $228,000. Sterling Capital Management LLC purchased a new position in shares of iPass during the second quarter worth approximately $228,000. Finally, Abbrea Capital LLC raised its position in shares of iPass by 46.5% in the first quarter. Abbrea Capital LLC now owns 315,000 shares of the technology company’s stock worth $369,000 after buying an additional 100,000 shares during the last quarter. 24.12% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “iPass Inc. (IPAS) Sets New 12-Month Low at $0.60” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/19/ipass-inc-ipas-sets-new-52-week-low-at-0-60-updated.html.
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.
What are top analysts saying about iPass Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for iPass Inc. and related companies.