Aegis reiterated their buy rating on shares of iPass Inc. (NASDAQ:IPAS) in a report issued on Thursday morning.

Several other research firms also recently weighed in on IPAS. Chardan Capital upgraded iPass from a neutral rating to a buy rating and set a $2.00 price objective for the company in a report on Thursday, August 4th. Maxim Group initiated coverage on iPass in a report on Wednesday, October 19th. They issued a buy rating and a $3.00 price objective for the company.

Shares of iPass (NASDAQ:IPAS) opened at 1.61 on Thursday. iPass has a one year low of $0.81 and a one year high of $1.89. The stock’s market cap is $106.68 million. The stock’s 50 day moving average is $1.65 and its 200-day moving average is $1.47.

iPass (NASDAQ:IPAS) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The firm earned $15.90 million during the quarter, compared to the consensus estimate of $16.03 million. iPass had a negative return on equity of 43.80% and a negative net margin of 13.91%. On average, equities analysts forecast that iPass will post ($0.12) EPS for the current year.

TRADEMARK VIOLATION WARNING: “Aegis Reaffirms “Buy” Rating for iPass Inc. (IPAS)” was originally reported by Financial Market News and is the propert of of Financial Market News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at http://www.financial-market-news.com/aegis-reaffirms-buy-rating-for-ipass-inc-ipas/1209666/.

In other news, CEO Gary A. Griffiths bought 40,000 shares of iPass stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $1.53 per share, for a total transaction of $61,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Tedesco bought 20,000 shares of iPass stock in a transaction on Tuesday, November 29th. The stock was purchased at an average price of $1.62 per share, with a total value of $32,400.00. Following the completion of the acquisition, the director now directly owns 105,000 shares of the company’s stock, valued at approximately $170,100. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Adirondack Research & Management Inc. increased its position in shares of iPass by 1.5% in the second quarter. Adirondack Research & Management Inc. now owns 3,002,930 shares of the company’s stock worth $3,724,000 after buying an additional 45,476 shares in the last quarter. Vanguard Group Inc. increased its position in shares of iPass by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,180,536 shares of the company’s stock worth $2,704,000 after buying an additional 28,600 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of iPass by 14.1% in the second quarter. BlackRock Fund Advisors now owns 177,690 shares of the company’s stock worth $220,000 after buying an additional 21,972 shares in the last quarter. Institutional investors and hedge funds own 30.07% of the company’s stock.

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.

5 Day Chart for NASDAQ:IPAS

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