iPass (IPAS) is Upgraded by Chardan Capital Markets to Buy, Price Target at $2

iPass (IPAS) was Upgraded by Chardan Capital Markets to ” Buy” and the brokerage firm has set the Price Target at $2. Earlier the firm had a rating of “Neutral ” on the company shares. Chardan Capital Markets advised their investors in a research report released on Aug 4, 2016.

iPass opened for trading at $1.463 and hit $1.53 on the upside on Tusday, eventually ending the session at $1.49, with a gain of 0.34% or 0.005 points. The heightened volatility saw the trading volume jump to 39,805 shares. Company has a market cap of $96 M.

In a different news, on May 26, 2016, Brent Morrison (director) sold 9,100 shares at $1.16 per share price. According to the SEC, on May 16, 2016, Gary A Griffiths (CEO) purchased 5,000 shares at $1.16 per share price. On Mar 2, 2016, Michael Tedesco (director) purchased 15,000 shares at $0.99 per share price, according to the Form-4 filing with the securities and exchange commission.

iPass (NASDAQ: IPAS) is a Wi-Fi network offering convenient secure always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. Using technology iPass SmartConnect takes the guesswork out of Wi-Fi automatically connecting customers to the best hotspot for their needs. Customers simply download the iPass app to experience unlimited everywhere and invisible Wi-Fi. The Company sells its services directly through its global sales force as well as through reseller and carrier partners. The Company is headquartered in Redwood Shores California.


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