Zacks Investment Research upgraded shares of iPass (NASDAQ:IPAS) from a sell rating to a hold rating in a research report released on Wednesday, January 3rd.

According to Zacks, “iPass Inc provides software-enabled enterprise connectivity services for mobile workers. iPass’ primary service is designed to enable enterprises to provide their employees with secure access to the enterprise’s internal network through an easy-to-use interface. “

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A number of other analysts have also recently weighed in on the company. Maxim Group reaffirmed a buy rating and set a $2.00 price objective on shares of iPass in a research report on Thursday, November 2nd. Aegis decreased their price objective on iPass from $2.75 to $1.40 and set a buy rating for the company in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. iPass has a consensus rating of Hold and an average price target of $2.22.

Shares of iPass (NASDAQ IPAS) opened at $0.49 on Wednesday. iPass has a 1 year low of $0.44 and a 1 year high of $1.61. The firm has a market capitalization of $32.69, a P/E ratio of -1.81 and a beta of -0.34.

iPass (NASDAQ:IPAS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). iPass had a negative return on equity of 149.50% and a negative net margin of 30.66%. research analysts predict that iPass will post -0.28 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium TVP Management Co. LLC acquired a new stake in shares of iPass in the 3rd quarter valued at approximately $3,553,000. Pratt Collard Advisory Partners LLC acquired a new stake in shares of iPass in the 4th quarter valued at approximately $940,000. P.A.W. Capital Corp lifted its holdings 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 buying an additional 295,000 shares during the period. Royce & Associates LP lifted its holdings 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 buying an additional 190,000 shares during the period. Finally, Sterling Capital Management LLC acquired a new stake in shares of iPass in the 2nd quarter valued at approximately $228,000. 29.39% of the stock is owned by institutional investors and hedge funds.

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iPass Company Profile

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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