iPower (NYSE:IPW) PT Raised to $2.75

iPower (NYSE:IPW) had its price target lifted by Roth Mkm from $1.25 to $2.75 in a research note published on Tuesday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, StockNews.com assumed coverage on shares of iPower in a research report on Thursday, June 20th. They issued a hold rating for the company.

iPower Stock Up 8.8 %

Shares of NYSE:IPW opened at $1.86 on Tuesday. iPower has a 52-week low of $0.40 and a 52-week high of $3.65. The company has a 50 day moving average of $1.57 and a two-hundred day moving average of $0.92. The company has a market capitalization of $55.47 million, a price-to-earnings ratio of -10.94 and a beta of 4.13.

iPower (NYSE:IPW) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.05 earnings per share (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 company had revenue of $23.31 million during the quarter, compared to the consensus estimate of $18.60 million. During the same quarter last year, the company earned ($0.05) earnings per share. On average, equities analysts anticipate that iPower will post -0.1 earnings per share for the current year.

Insider Transactions at iPower

In related news, CEO Chenlong Tan purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of $1.54 per share, with a total value of $30,800.00. Following the completion of the transaction, the chief executive officer now owns 8,063,334 shares of the company’s stock, valued at $12,417,534.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate 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.