Boingo Wireless Inc. (NASDAQ:WIFI)’s share price traded up 3.2% on Wednesday . The stock traded as high as $9.79 and last traded at $9.55, with a volume of 330,979 shares traded. The stock had previously closed at $9.25.

Several equities analysts have recently weighed in on the stock. Jefferies Group raised their price target on shares of Boingo Wireless from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. BTIG Research assumed coverage on shares of Boingo Wireless in a research note on Monday, July 11th. They issued a “sell” rating and a $6.85 price target on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of Boingo Wireless in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $12.00 price target on the stock. Ladenburg Thalmann reissued a “buy” rating and issued a $12.25 price target on shares of Boingo Wireless in a research note on Thursday, August 11th. Finally, Lake Street Capital assumed coverage on shares of Boingo Wireless in a research note on Monday, June 20th. They issued a “buy” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.73.

The stock’s market capitalization is $365.54 million. The stock has a 50 day moving average of $8.66 and a 200-day moving average of $8.13.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/boingo-wireless-inc-wifi-trading-3-2-higher.html

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.01. Boingo Wireless had a negative net margin of 17.20% and a negative return on equity of 23.75%. The business had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $38.94 million. During the same period in the prior year, the company posted ($0.16) EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts predict that Boingo Wireless Inc. will post ($0.72) EPS for the current year.

In other news, VP Tom Tracey sold 3,750 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $8.44, for a total transaction of $31,650.00. Following the transaction, the vice president now directly owns 46,299 shares of the company’s stock, valued at approximately $390,763.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of WIFI. BlackRock Advisors LLC boosted its position in Boingo Wireless by 2.3% in the second quarter. BlackRock Advisors LLC now owns 18,778 shares of the company’s stock worth $167,000 after buying an additional 417 shares during the period. Balter Liquid Alternatives LLC bought a new position in Boingo Wireless during the second quarter worth $197,000. Goldman Sachs Group Inc. boosted its position in Boingo Wireless by 38.4% in the first quarter. Goldman Sachs Group Inc. now owns 25,764 shares of the company’s stock worth $199,000 after buying an additional 7,154 shares during the period. Spark Investment Management LLC bought a new position in Boingo Wireless during the first quarter worth $248,000. Finally, Prudential Financial Inc. bought a new position in Boingo Wireless during the first quarter worth $340,000. 86.56% of the stock is currently owned by institutional investors and hedge funds.

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 for carriers. 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 segment.

5 Day Chart for NASDAQ:WIFI

Receive News & Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.