Media coverage about iPass (NASDAQ:IPAS) has been trending positive this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. iPass earned a media sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 44 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted AlphaOne’s rankings:
- Zacks: iPass Inc. (IPAS) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Enterprise Mobility Global Market Research Approach, Commercial Analysis and Forecast to 2022 (mynewsdesk.com)
- iPass Inc. (IPAS) Short Interest Update (americanbankingnews.com)
- Wi-Fi as a Service (WaaS) Market – Competitive Landscape & Technological Breakthroughs Analysis in Next Few Years (sbwire.com)
- Wi-Fi as a Service Market – Technological Advancements, Evolving Industry Trends And Insights (openpr.com)
Shares of iPass (NASDAQ:IPAS) traded up 2.34% during mid-day trading on Thursday, reaching $1.31. The company’s stock had a trading volume of 132,178 shares. The company’s market cap is $85.73 million. The company has a 50-day moving average price of $1.21 and a 200 day moving average price of $1.49. iPass has a 52-week low of $0.98 and a 52-week high of $1.89.
iPass (NASDAQ:IPAS) last issued its earnings results on Thursday, February 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.29 million. iPass had a negative net margin of 12.29% and a negative return on equity of 41.02%. Equities analysts expect that iPass will post ($0.11) earnings per share for the current year.
Several analysts have issued reports on the company. Ladenburg Thalmann Financial Services started coverage on iPass in a research note on Monday, April 3rd. They issued a “buy” rating and a $2.70 target price for the company. Chardan Capital downgraded iPass from a “buy” rating to a “neutral” rating in a research report on Friday, December 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $2.57.
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In other iPass news, Director Damien Park bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of $1.10 per share, with a total value of $27,500.00. Following the purchase, the director now owns 70,000 shares of the company’s stock, valued at $77,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Griffiths bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were acquired at an average cost of $1.29 per share, for a total transaction of $64,500.00. Following the purchase, the chief executive officer now directly owns 830,000 shares in the company, valued at approximately $1,070,700. The disclosure for this purchase can be found here. Insiders have purchased a total of 140,000 shares of company stock worth $159,100 in the last three months. 5.20% of the stock is owned by corporate insiders.
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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