Shares of iPass (NASDAQ:IPAS) were up 1.4% during mid-day trading on Thursday . The stock traded as high as $0.48 and last traded at $0.46. Approximately 204,653 shares traded hands during trading, a decline of 66% from the average daily volume of 601,903 shares. The stock had previously closed at $0.47.

Several analysts have issued reports on IPAS shares. Maxim Group set a $2.00 price objective on iPass and gave the company a “buy” rating in a research note on Thursday, February 22nd. Roth Capital set a $2.00 price objective on iPass and gave the company a “buy” rating in a research note on Saturday, March 24th. Zacks Investment Research cut iPass from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Finally, ValuEngine upgraded iPass from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $1.80.

The stock has a market capitalization of $31.43 million, a price-to-earnings ratio of -1.48 and a beta of 0.20.

iPass (NASDAQ:IPAS) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $11.43 million for the quarter, compared to analyst estimates of $12.40 million. iPass had a negative return on equity of 659.67% and a negative net margin of 39.29%. analysts forecast that iPass will post -0.06 earnings per share for the current fiscal year.

About iPass

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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