Is Ipass Inc (NASDAQ:IPAS) Going to Burn These Institutional Investors?

May 25, 2018 - By Marguerite Chambers

iPass Inc. (NASDAQ:IPAS) Logo

Sentiment for Ipass Inc (NASDAQ:IPAS)

Ipass Inc (NASDAQ:IPAS) institutional sentiment increased to 0.76 in 2017 Q4. Its up 0.11, from 0.65 in 2017Q3. The ratio is better, as 13 institutional investors started new or increased equity positions, while 17 sold and reduced their stakes in Ipass Inc. The institutional investors in our partner’s database reported: 10.44 million shares, down from 17.21 million shares in 2017Q3. Also, the number of institutional investors holding Ipass Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 11 Reduced: 6 Increased: 5 New Position: 8.

iPass Inc. provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. The company has market cap of $29.10 million. The firm offers mobile connectivity services that provide cloud solution allowing clients and their users access to its Wi-Fi network to stay connected to the people and information. It currently has negative earnings. It offers business to business mobile connectivity solutions to large and small enterprises, as well as to strategic partnerships comprising original equipment manufacturers, loyalty programs, software product and service providers, and communication companies; and iPass SmartConnect that takes the guesswork out of Wi-Fi automatically connecting clients to the hotspot for their needs.

It closed at $0.4 lastly. It is down 67.50% since May 25, 2017 and is downtrending. It has underperformed by 79.05% the S&P500.

Analysts await iPass Inc. (NASDAQ:IPAS) to report earnings on August, 1. They expect $-0.03 earnings per share, up 62.50 % or $0.05 from last year’s $-0.08 per share. After $-0.06 actual earnings per share reported by iPass Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

Goldman Capital Management Inc holds 0.4% of its portfolio in iPass Inc. for 801,000 shares. Adirondack Research & Management Inc. owns 1.13 million shares or 0.23% of their US portfolio. Moreover, White Pine Capital Llc has 0.01% invested in the company for 35,000 shares. The Colorado-based Amg National Trust Bank has invested 0% in the stock. Bank Of New York Mellon Corp, a New York-based fund reported 53,977 shares.

iPass Inc. (NASDAQ:IPAS) Ratings Coverage

Ratings analysis reveals 100% of iPass’s analysts are positive. Out of 2 Wall Street analysts rating iPass, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $200 while the high is $2. The stock’s average target of $2 is 400.00% above today’s ($0.4) share price. IPAS was included in 4 notes of analysts from January 17, 2018. The company was maintained on Friday, January 26 by Maxim Group. The firm has “Buy” rating by Maxim Group given on Thursday, February 22. Roth Capital maintained iPass Inc. (NASDAQ:IPAS) on Friday, March 23 with “Buy” rating.

More important recent iPass Inc. (NASDAQ:IPAS) news were published by: Globenewswire.com which released: “iPass Extends and Strengthens its Intellectual Property Position” on April 26, 2018, also Seekingalpha.com published article titled: “iPass’ (IPAS) CEO Gary Griffiths on Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “iPass Reports First Quarter 2018 Financial Results” on May 08, 2018. More interesting news about iPass Inc. (NASDAQ:IPAS) was released by: Seekingalpha.com and their article: “iPass Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 09, 2018.

iPass Inc. (NASDAQ:IPAS) Institutional Positions Chart

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