iPass (IPAS) Receiving Somewhat Favorable News Coverage, Study Finds

Press coverage about iPass (NASDAQ:IPAS) has been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. iPass earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.663473860682 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

iPass (NASDAQ IPAS) traded down $0.03 on Tuesday, reaching $0.31. 716,462 shares of the company’s stock traded hands, compared to its average volume of 451,707. The firm has a market capitalization of $23.21, a price-to-earnings ratio of -1.00 and a beta of -0.02. iPass has a 12 month low of $0.30 and a 12 month high of $1.51.

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iPass (NASDAQ:IPAS) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $13.24 million for the quarter, compared to analyst estimates of $12.90 million. iPass had a negative net margin of 37.78% and a negative return on equity of 282.05%. equities research analysts expect that iPass will post -0.04 earnings per share for the current year.

Several equities analysts recently weighed in on IPAS shares. Zacks Investment Research upgraded shares of iPass from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Roth Capital started coverage on shares of iPass in a report on Wednesday, January 17th. They issued a “buy” rating and a $2.00 price objective on the stock. Finally, Maxim Group set a $2.00 price objective on shares of iPass and gave the company a “buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2.22.

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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.

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