iPower (NYSE:IPW – Get Free Report) had its price target raised by Roth Mkm from $1.25 to $2.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 60.82% from the stock’s previous close.
Separately, StockNews.com began coverage on shares of iPower in a research note on Thursday, June 20th. They issued a “hold” rating for the company.
Get Our Latest Research Report on IPW
iPower Trading Down 1.7 %
iPower (NYSE:IPW – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.05 EPS 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 during the quarter, compared to analyst estimates of $18.60 million. During the same quarter last year, the firm posted ($0.05) earnings per share. As a group, analysts forecast that iPower will post -0.1 EPS for the current year.
Insider Activity
In other news, CEO Chenlong Tan purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average price of $1.54 per share, for a total transaction of $30,800.00. Following the completion of the purchase, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at $12,417,534.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.63% of the company’s stock.
iPower Company Profile
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.
Featured Stories
- Five stocks we like better than iPower
- How to Use Stock Screeners to Find Stocks
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- How to Use the MarketBeat Excel Dividend Calculator
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- ESG Stocks, What Investors Should Know
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
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.