iPass (IPAS) Shares Up 7.7%

iPass Inc. (NASDAQ:IPAS) shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $0.58 and last traded at $0.56. 737,095 shares traded hands during trading, an increase of 214% from the average session volume of 234,908 shares. The stock had previously closed at $0.52.

A number of brokerages have issued reports on IPAS. Zacks Investment Research upgraded shares of iPass from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Maxim Group reiterated a “buy” rating and set a $2.00 price objective on shares of iPass in a research note on Thursday, November 2nd. Finally, Aegis reduced their price objective 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. iPass presently has a consensus rating of “Buy” and a consensus target price of $2.28.

Several institutional investors and hedge funds have recently bought and sold shares of IPAS. Millennium TVP Management Co. LLC acquired a new stake in shares of iPass in the 3rd quarter valued at approximately $3,553,000. P.A.W. Capital Corp boosted its stake in shares of iPass by 143.9% in the 3rd quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock valued at $330,000 after purchasing an additional 295,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of iPass by 29.7% in the 2nd quarter. Royce & Associates LP now owns 830,000 shares of the technology company’s stock valued at $1,096,000 after purchasing an additional 190,000 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of iPass in the 2nd quarter valued at approximately $228,000. Finally, Emancipation Management LLC acquired a new stake in shares of iPass in the 2nd quarter valued at approximately $228,000. Institutional investors own 26.58% of the company’s stock.

WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.com-unik.info/2017/12/21/ipass-ipas-shares-up-7-7.html.

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.

What are top analysts saying about iPass? - 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 and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit