Analysts at Roth Capital began coverage on shares of iPass (NASDAQ:IPAS) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $2.00 price target on the technology company’s stock. Roth Capital’s target price would suggest a potential upside of 300.00% from the stock’s current price.

Other research analysts also recently issued reports about the company. 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. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $2.22.

Shares of iPass (NASDAQ IPAS) traded up $0.03 during trading hours on Wednesday, hitting $0.50. The company had a trading volume of 1,170,384 shares, compared to its average volume of 608,377. The company has a market cap of $33.37, a P/E ratio of -1.85 and a beta of -0.34. iPass has a 52 week low of $0.44 and a 52 week high of $1.63.

iPass (NASDAQ:IPAS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.05). iPass had a negative net margin of 30.66% and a negative return on equity of 149.50%. sell-side analysts expect that iPass will post -0.29 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in iPass in the 2nd quarter worth approximately $100,000. Northern Trust Corp boosted its stake in iPass by 2.4% in the 2nd quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock worth $173,000 after purchasing an additional 3,058 shares during the period. Sterling Capital Management LLC bought a new position in iPass in the 2nd quarter worth approximately $228,000. P.A.W. Capital Corp boosted 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 worth $330,000 after purchasing an additional 295,000 shares during the period. Finally, Royce & Associates LP boosted 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 worth $626,000 after purchasing an additional 118,500 shares during the period. Institutional investors and hedge funds own 26.58% of the company’s stock.

TRADEMARK VIOLATION WARNING: “iPass (IPAS) Earns Buy Rating from Analysts at Roth Capital” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://theolympiareport.com/2018/01/20/ipass-ipas-earns-buy-rating-from-analysts-at-roth-capital.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.

Analyst Recommendations for iPass (NASDAQ:IPAS)

Receive News & Ratings for iPass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPass and related companies with MarketBeat.com's FREE daily email newsletter.