iPower (NYSE:IPW) Upgraded at StockNews.com

StockNews.com upgraded shares of iPower (NYSE:IPW) from a hold rating to a buy rating in a report issued on Sunday morning.

Separately, Roth Mkm lifted their price objective on shares of iPower from $1.25 to $2.75 and gave the company a buy rating in a research note on Tuesday, June 25th.

iPower Stock Performance

iPower stock opened at $2.06 on Friday. iPower has a one year low of $0.40 and a one year high of $3.65. The company has a 50-day simple moving average of $1.45 and a 200-day simple moving average of $1.37. The firm has a market capitalization of $64.69 million, a P/E ratio of -12.65 and a beta of 3.99.

Institutional Investors Weigh In On iPower

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Armistice Capital LLC acquired a new position in shares of iPower in the 2nd quarter worth approximately $3,043,000. Heron Bay Capital Management acquired a new position in iPower in the second quarter worth approximately $65,000. Finally, Renaissance Technologies LLC increased 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 buying an additional 27,300 shares in the last quarter. 2.73% of the stock is currently owned by institutional investors.

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.