iPower (NYSE:IPW) Upgraded at StockNews.com

iPower (NYSE:IPW) was upgraded by equities researchers 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 price target on shares of iPower from $1.25 to $2.75 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

iPower Stock Performance

Shares of iPower stock opened at $1.84 on Friday. The stock has a market capitalization of $57.78 million, a P/E ratio of -10.82 and a beta of 3.99. iPower has a 52-week low of $0.40 and a 52-week high of $3.65. The stock’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.35.

Institutional Trading of iPower

A number of institutional investors have recently added to or reduced their stakes in the stock. Heron Bay Capital Management bought a new stake in iPower during the 2nd quarter worth approximately $65,000. Renaissance Technologies LLC boosted its holdings in iPower by 197.8% in the 2nd 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 position in shares of iPower during the 2nd quarter valued at $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.