StockNews.com lowered shares of iPower (NYSE:IPW – Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
Separately, Roth Mkm raised their target price on iPower from $1.25 to $2.75 and gave the company a buy rating in a report on Tuesday, June 25th.
View Our Latest Analysis on iPower
iPower Stock Performance
iPower (NYSE:IPW – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. iPower had a negative net margin of 5.74% and a negative return on equity of 23.68%. The business had revenue of $23.31 million for the quarter, compared to analyst estimates of $18.60 million. During the same quarter in the previous year, the business posted ($0.05) EPS. Equities analysts anticipate that iPower will post -0.06 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO Chenlong Tan acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $1.54 per share, with a total value of $30,800.00. Following the transaction, the chief executive officer now directly owns 8,063,334 shares in the company, valued at approximately $12,417,534.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 27.63% of the stock is currently owned by insiders.
About iPower
iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.
Read More
- Five stocks we like better than iPower
- Investing in Construction Stocks
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Best Aerospace Stocks Investing
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for iPower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPower and related companies with MarketBeat.com's FREE daily email newsletter.
