iPass’ (IPAS) Buy Rating Reiterated at Maxim Group

iPass Inc. (NASDAQ:IPAS)‘s stock had its “buy” rating reissued by research analysts at Maxim Group in a research report issued to clients and investors on Thursday, November 2nd. They currently have a $2.00 target price on the technology company’s stock. Maxim Group’s price objective points to a potential upside of 227.87% from the company’s current price.

Other analysts also recently issued research reports about the stock. Aegis reduced their price objective on shares of iPass from $2.75 to $1.40 and set a “buy” rating for the company in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of iPass from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, ValuEngine downgraded shares of iPass from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2.28.

Shares of iPass (IPAS) opened at $0.61 on Thursday. iPass has a 12-month low of $0.49 and a 12-month high of $1.74.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium TVP Management Co. LLC purchased a new stake in iPass in the 3rd quarter valued at $3,553,000. Renaissance Technologies LLC increased its stake in iPass by 0.6% in the 1st quarter. Renaissance Technologies LLC now owns 3,153,798 shares of the technology company’s stock valued at $3,690,000 after buying an additional 19,806 shares during the period. Royce & Associates LP increased its stake in iPass by 14.3% in the 3rd quarter. Royce & Associates LP now owns 948,500 shares of the technology company’s stock valued at $626,000 after buying an additional 118,500 shares during the period. P.A.W. Capital Corp increased its stake in 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. Finally, Abbrea Capital LLC increased its stake in iPass by 3.5% in the 2nd quarter. Abbrea Capital LLC now owns 326,000 shares of the technology company’s stock valued at $430,000 after buying an additional 11,000 shares during the period. Hedge funds and other institutional investors own 31.38% of the company’s stock.

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.

Analyst Recommendations for iPass (NASDAQ:IPAS)

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