Boingo Wireless CEO Sells $153,000 in Stock (WIFI)
Boingo Wireless (NASDAQ:WIFI) CEO David Hagan unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $6.12, for a total value of $153,000.00. Following the completion of the transaction, the chief executive officer now directly owns 310,000 shares in the company, valued at approximately $1,897,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Boingo Wireless (NASDAQ:WIFI) traded up 0.97% during mid-day trading on Thursday, hitting $6.24. The stock had a trading volume of 41,718 shares. Boingo Wireless has a 52 week low of $5.35 and a 52 week high of $8.11. The stock has a 50-day moving average of $6.27 and a 200-day moving average of $6.72. The company has a market cap of $221.6 million and a price-to-earnings ratio of 882.86.
Separately, analysts at Jefferies Group initiated coverage on shares of Boingo Wireless in a research note on Thursday, December 19th. They set a “buy” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.25.
Boingo Wireless, Inc (NASDAQ:WIFI) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.