iPower (NYSE:IPW) Stock Rating Upgraded by StockNews.com

iPower (NYSE:IPW) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Separately, Roth Mkm boosted their target price on iPower from $1.25 to $2.75 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

iPower Trading Down 1.6 %

IPW opened at $1.81 on Friday. The firm has a market cap of $56.84 million, a P/E ratio of -10.71 and a beta of 3.99. iPower has a 12 month low of $0.40 and a 12 month high of $3.65. The stock has a 50-day moving average of $1.45 and a 200 day moving average of $1.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IPW. Heron Bay Capital Management purchased a new stake in shares of iPower in the second quarter valued at approximately $65,000. Renaissance Technologies LLC boosted its holdings in shares of iPower by 197.8% in the second quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock valued at $85,000 after purchasing an additional 27,300 shares during the period. Finally, Armistice Capital LLC purchased a new stake in shares of iPower in the second quarter valued at approximately $3,043,000. Hedge funds and other institutional investors own 2.73% of the company’s stock.

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.