Insider Selling: David Hagan Sells 25,000 Shares of Boingo Wireless Stock (WIFI)
Boingo Wireless (NASDAQ:WIFI) CEO David Hagan unloaded 25,000 shares of the stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $6.33, for a total transaction of $158,250.00. Following the completion of the transaction, the chief executive officer now directly owns 382,064 shares in the company, valued at approximately $2,418,465. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WIFI. Analysts at TheStreet upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Analysts at Zacks upgraded shares of Boingo Wireless from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $6.70 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.64.
Boingo Wireless (NASDAQ:WIFI) traded down 1.40% on Monday, hitting $6.34. The stock had a trading volume of 155,926 shares. Boingo Wireless has a one year low of $5.06 and a one year high of $8.00. The stock has a 50-day moving average of $6.65 and a 200-day moving average of $6.46. The company’s market cap is $225.3 million.
Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). The company had revenue of $26.50 million for the quarter, compared to the consensus estimate of $24.98 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts expect that Boingo Wireless will post $-0.32 EPS for the current fiscal year.
Boingo Wireless, Inc (NASDAQ:WIFI) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.
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