Ipass Inc (NASDAQ:IPAS) Move as Institutional Investors’ Sentiment Falls

April 21, 2018 - By Henry Gaston

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 more positive, as 13 hedge funds opened new and increased positions, while 17 sold and decreased positions in Ipass Inc. The hedge funds in our partner’s database now hold: 10.44 million shares, down from 17.21 million shares in 2017Q3. Also, the number of hedge funds holding Ipass Inc in their top 10 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 $28.14 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.

The stock increased 18.69% or $0.06 during the last trading session, reaching $0.4. About 1.10M shares traded or 132.94% up from the average. iPass Inc. (NASDAQ:IPAS) has declined 67.50% since April 21, 2017 and is downtrending. It has underperformed by 79.05% the S&P500.

Analysts await iPass Inc. (NASDAQ:IPAS) to report earnings on May, 2. They expect $-0.04 EPS, up 42.86 % or $0.03 from last year’s $-0.07 per share. After $-0.06 actual EPS reported by iPass Inc. for the previous quarter, Wall Street now forecasts -33.33 % 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 $2.0. The stock’s average target of $2 is 400.00% above today’s ($0.4) share price. IPAS was included in 5 notes of analysts from November 2, 2017. Maxim Group maintained the shares of IPAS in report on Thursday, November 2 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 22 by Maxim Group. On Friday, March 23 the stock rating was maintained by Roth Capital with “Buy”. Maxim Group maintained iPass Inc. (NASDAQ:IPAS) rating on Friday, January 26. Maxim Group has “Buy” rating and $2.0 target.

iPass Inc. (NASDAQ:IPAS) Institutional Positions Chart

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