Several brokerages have updated their recommendations and price targets on shares of Boingo Wireless (NASDAQ: WIFI) in the last few weeks:

  • 8/9/2017 – Boingo Wireless had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $20.00 price target on the stock, up previously from $17.00.
  • 8/9/2017 – Boingo Wireless had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $24.00 price target on the stock, up previously from $18.00.
  • 8/4/2017 – Boingo Wireless had its price target raised by analysts at Benchmark Co. from $18.00 to $24.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Boingo Wireless had its price target raised by analysts at Craig Hallum from $17.00 to $20.00. They now have a “buy” rating on the stock.
  • 7/19/2017 – Boingo Wireless was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Boingo Wireless was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/7/2017 – Boingo Wireless was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “
  • 7/5/2017 – Boingo Wireless was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “

Shares of Boingo Wireless, Inc. (WIFI) opened at 18.85 on Thursday. The firm’s market capitalization is $734.85 million. The firm has a 50-day moving average of $15.37 and a 200 day moving average of $13.92. Boingo Wireless, Inc. has a 52-week low of $8.10 and a 52-week high of $19.42.

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

In related news, VP Tom Tracey sold 25,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $15.75, for a total value of $393,750.00. Following the transaction, the vice president now directly owns 67,316 shares in the company, valued at $1,060,227. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Hagan sold 75,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $16.22, for a total transaction of $1,216,500.00. Following the completion of the transaction, the chief executive officer now owns 621,853 shares in the company, valued at $10,086,455.66. The disclosure for this sale can be found here. Insiders sold 886,272 shares of company stock worth $13,656,038 over the last 90 days. 7.70% of the stock is currently owned by corporate insiders.

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.

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