iPass (IPAS) is Initiated by Maxim Group to Buy, Price Target at $3

iPass (IPAS) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $3. Maxim Group advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on iPass. Chardan Capital Markets Upgraded iPass on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $2.

iPass closed down -0.02 points or -1.24% at $1.59 with 45,282 shares getting traded on Friday. Post opening the session at $1.61, the shares hit an intraday low of $1.59 and an intraday high of $1.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 9, 2016, Patricia Hume (Chief Commercial Officer) purchased 5,000 shares at $1.57 per share price. According to the SEC, on Sep 8, 2016, Gary A Griffiths (CEO) purchased 5,000 shares at $1.53 per share price. On May 26, 2016, Brent Morrison (director) sold 9,100 shares at $1.16 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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