iPower (NYSE:IPW) Upgraded at StockNews.com

StockNews.com upgraded shares of iPower (NYSE:IPW) from a hold rating to a buy rating in a research note released on Thursday.

Separately, Roth Mkm lifted their price objective on iPower from $1.25 to $2.75 and gave the company a buy rating in a report on Tuesday, June 25th.

iPower Trading Up 11.6 %

NYSE:IPW opened at $1.44 on Thursday. The stock has a market cap of $45.16 million, a P/E ratio of -8.47 and a beta of 3.99. The stock has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $1.30. iPower has a 1-year low of $0.40 and a 1-year high of $3.65.

Hedge Funds Weigh In On iPower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heron Bay Capital Management acquired a new position in shares of iPower during the 2nd quarter worth $65,000. Renaissance Technologies LLC raised its holdings in shares of iPower by 197.8% during the 2nd quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock worth $85,000 after buying an additional 27,300 shares in the last quarter. Finally, Armistice Capital LLC acquired a new position in shares of iPower during the 2nd quarter worth $3,043,000. 2.73% of the stock is owned by institutional investors and hedge funds.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.