State Street Corp grew its position in Boingo Wireless, Inc. (NASDAQ:WIFI) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 700,478 shares of the technology company’s stock after purchasing an additional 92,895 shares during the quarter. State Street Corp owned approximately 1.75% of Boingo Wireless worth $10,476,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Boingo Wireless by 64.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock valued at $18,538,000 after acquiring an additional 484,061 shares during the period. Renaissance Technologies LLC lifted its position in shares of Boingo Wireless by 20.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock valued at $34,860,000 after acquiring an additional 389,195 shares during the period. Hood River Capital Management LLC lifted its position in shares of Boingo Wireless by 58.1% during the 2nd quarter. Hood River Capital Management LLC now owns 1,043,219 shares of the technology company’s stock valued at $15,607,000 after acquiring an additional 383,174 shares during the period. Vanguard Group Inc. lifted its position in shares of Boingo Wireless by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after acquiring an additional 326,791 shares during the period. Finally, Intrinsic Edge Capital Management LLC lifted its position in shares of Boingo Wireless by 410.2% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 391,745 shares of the technology company’s stock valued at $5,861,000 after acquiring an additional 314,958 shares during the period. 86.44% of the stock is currently owned by institutional investors.

In other news, CFO Peter Hovenier sold 35,233 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $20.27, for a total value of $714,172.91. Following the completion of the sale, the chief financial officer now owns 8,551 shares in the company, valued at approximately $173,328.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Tom Tracey sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.45, for a total transaction of $204,500.00. Following the completion of the sale, the vice president now owns 34,868 shares of the company’s stock, valued at approximately $713,050.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,785 shares of company stock worth $3,204,266. Corporate insiders own 7.70% of the company’s stock.

Boingo Wireless, Inc. (NASDAQ WIFI) opened at $25.09 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless, Inc. has a 1-year low of $10.46 and a 1-year high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The firm had revenue of $53.66 million for the quarter, compared to the consensus estimate of $50.22 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The business’s revenue was up 31.5% on a year-over-year basis. research analysts expect that Boingo Wireless, Inc. will post -0.58 earnings per share for the current year.

WIFI has been the topic of a number of research reports. Credit Suisse Group boosted their target price on shares of Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, October 5th. Craig Hallum boosted their target price on shares of Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Jefferies Group LLC boosted their target price on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $30.00 target price on shares of Boingo Wireless in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Boingo Wireless presently has an average rating of “Hold” and a consensus price target of $22.04.

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Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (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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Institutional Ownership by Quarter for Boingo Wireless (NASDAQ:WIFI)

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