Boingo Wireless, Inc. (NASDAQ:WIFI) VP Tom Tracey sold 25,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $18.45, for a total transaction of $461,250.00. Following the transaction, the vice president now directly owns 38,276 shares in the company, valued at $706,192.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tom Tracey also recently made the following trade(s):

  • On Friday, June 9th, Tom Tracey sold 10,000 shares of Boingo Wireless stock. The stock was sold at an average price of $16.68, for a total transaction of $166,800.00.
  • On Tuesday, June 6th, Tom Tracey sold 10,000 shares of Boingo Wireless stock. The stock was sold at an average price of $16.87, for a total transaction of $168,700.00.
  • On Monday, May 15th, Tom Tracey sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.75, for a total transaction of $393,750.00.

Shares of Boingo Wireless, Inc. (NASDAQ:WIFI) traded down 2.49% during mid-day trading on Thursday, hitting $18.38. 317,371 shares of the stock traded hands. The company’s 50-day moving average price is $15.59 and its 200 day moving average price is $14.07. Boingo Wireless, Inc. has a 1-year low of $8.10 and a 1-year high of $19.42. The company’s market capitalization is $737.20 million.

Boingo Wireless (NASDAQ:WIFI) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The company had revenue of $49 million for the quarter, compared to the consensus estimate of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. Boingo Wireless’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) EPS. Equities research analysts forecast that Boingo Wireless, Inc. will post ($0.64) EPS for the current fiscal year.

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Several research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $24.00 target price (up from $18.00) on shares of Boingo Wireless in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and set a $20.00 target price (up from $17.00) on shares of Boingo Wireless in a research note on Wednesday. Craig Hallum increased their target price on shares of Boingo Wireless from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Benchmark Co. raised their price objective on shares of Boingo Wireless from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.93.

A number of institutional investors have recently bought and sold shares of WIFI. Ameriprise Financial Inc. bought a new position in Boingo Wireless during the second quarter valued at about $1,815,000. TIAA CREF Investment Management LLC boosted its position in Boingo Wireless by 58.2% in the second quarter. TIAA CREF Investment Management LLC now owns 406,844 shares of the technology company’s stock valued at $6,086,000 after buying an additional 149,701 shares in the last quarter. Teachers Advisors LLC boosted its position in Boingo Wireless by 5.4% in the second quarter. Teachers Advisors LLC now owns 102,160 shares of the technology company’s stock valued at $1,528,000 after buying an additional 5,229 shares in the last quarter. Timpani Capital Management LLC boosted its position in Boingo Wireless by 15.1% in the second quarter. Timpani Capital Management LLC now owns 191,007 shares of the technology company’s stock valued at $2,857,000 after buying an additional 25,068 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Boingo Wireless by 79.9% in the second quarter. Alliancebernstein L.P. now owns 47,500 shares of the technology company’s stock valued at $711,000 after buying an additional 21,100 shares in the last quarter. Institutional investors and hedge funds own 86.35% of the company’s stock.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor Distributed Antenna System (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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