In a report released today, Allen Klee from Maxim Group maintained a Buy rating on iPass (NASDAQ: IPAS), with a price target of $1.25. The company’s shares closed yesterday at $0.39.
Klee noted:
“2Q18 revenue of $10.5 million, down 22% y/y, missed our estimate of $12.0 million and consensus of $12.7 million. Adjusted EBITDA loss of $(3.7) million was worse than our estimate of $(3.3) million and consensus of $(2.1) million.”
According to TipRanks.com, Klee is a 2-star analyst with an average return of 3.3% and a 60.9% success rate. Klee covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, Net 1 Ueps, and Stampscom.
iPass has an analyst consensus of Moderate Buy, with a price target consensus of $1.25.
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The company has a one-year high of $0.89 and a one-year low of $0.25. Currently, iPass has an average volume of 383.9K.
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iPass, Inc. provides Wi-Fi roaming services for enterprise employees and service provider subscribers. The firm operates through the Mobility Services segment. The Mobility Services segment offers open mobile enterprise and open mobile exchange services.
