Trexquant Investment LP acquired a new position in shares of Boingo Wireless, Inc. (NASDAQ:WIFI) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 12,275 shares of the technology company’s stock, valued at approximately $262,000.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Boingo Wireless by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock valued at $34,860,000 after purchasing an additional 389,195 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Boingo Wireless by 19.0% in the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after purchasing an additional 326,791 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Boingo Wireless by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,952,425 shares of the technology company’s stock valued at $29,209,000 after purchasing an additional 145,796 shares in the last quarter. Hood River Capital Management LLC grew its position in shares of Boingo Wireless by 2.2% in the third quarter. Hood River Capital Management LLC now owns 1,065,768 shares of the technology company’s stock valued at $22,775,000 after purchasing an additional 22,549 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in shares of Boingo Wireless by 22.4% in the second quarter. Rice Hall James & Associates LLC now owns 838,974 shares of the technology company’s stock valued at $12,551,000 after purchasing an additional 153,705 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

WIFI has been the subject of a number of analyst reports. Craig Hallum upped their price target on Boingo Wireless from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, October 5th. Credit Suisse Group upped their price target on Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group upped their price target on 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 upped their price target on Boingo Wireless and gave the company an “outperform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Boingo Wireless presently has a consensus rating of “Hold” and a consensus target price of $22.04.

In related news, insider Dawn Callahan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $25.10, for a total value of $627,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Hovenier sold 18,552 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.31, for a total value of $395,343.12. The disclosure for this sale can be found here. Insiders sold 128,552 shares of company stock valued at $2,913,093 over the last quarter. 7.70% of the stock is currently owned by company insiders.

Boingo Wireless, Inc. (NASDAQ:WIFI) opened at $22.88 on Friday. Boingo Wireless, Inc. has a 52-week low of $10.46 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50.

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

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About Boingo Wireless

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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