Boingo Wireless Price Target Lowered to $9.00 at Credit Suisse (WIFI)
Stock analysts at Credit Suisse reduced their price target on shares of Boingo Wireless (NASDAQ:WIFI) from $10.00 to $9.00 in a report issued on Wednesday, American Banking News reports. Credit Suisse’s price target points to a potential upside of 56.25% from the company’s current price.
Boingo Wireless (NASDAQ:WIFI) traded up 0.35% on Wednesday, hitting $5.78. 423,859 shares of the company’s stock traded hands. Boingo Wireless has a 52 week low of $5.35 and a 52 week high of $8.00. The stock has a 50-day moving average of $6.1 and a 200-day moving average of $6.65. The company has a market cap of $205.3 million and a P/E ratio of 822.86.
Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Tuesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.10. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $29.57 million. On average, analysts predict that Boingo Wireless will post $0.03 earnings per share for the current fiscal year.
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 two have issued a buy rating to the company’s stock. Boingo Wireless presently has a consensus rating of “Hold” and an average target price of $7.50.
In other Boingo Wireless news, CEO David Hagan unloaded 25,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $6.12, for a total transaction of $153,000.00. Following the sale, 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 legal filing with the SEC, which is available at this link.
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.