Peter Hovenier Sells 10,237 Shares of Boingo Wireless Inc (WIFI) Stock
Boingo Wireless Inc (NASDAQ:WIFI) CFO Peter Hovenier sold 10,237 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $15.86, for a total transaction of $162,358.82. Following the completion of the transaction, the chief financial officer now owns 49,730 shares in the company, valued at $788,717.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Peter Hovenier also recently made the following trade(s):
- On Thursday, May 11th, Peter Hovenier sold 56,505 shares of Boingo Wireless stock. The shares were sold at an average price of $15.95, for a total transaction of $901,254.75.
Shares of Boingo Wireless Inc (NASDAQ:WIFI) traded down 0.63% during midday trading on Tuesday, reaching $15.90. 396,650 shares of the company’s stock were exchanged. The company’s market cap is $619.85 million. Boingo Wireless Inc has a 12 month low of $7.09 and a 12 month high of $16.58. The firm has a 50 day moving average price of $14.40 and a 200 day moving average price of $12.59.
Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.03. Boingo Wireless had a negative return on equity of 25.35% and a negative net margin of 17.38%. The firm had revenue of $44.30 million for the quarter, compared to analysts’ expectations of $41.25 million. During the same period in the prior year, the business posted ($0.27) earnings per share. The company’s revenue was up 28.4% on a year-over-year basis. Equities research analysts forecast that Boingo Wireless Inc will post ($0.65) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in WIFI. Legion Partners Asset Management LLC bought a new stake in shares of Boingo Wireless during the fourth quarter valued at $25,835,000. Russell Investments Group Ltd. bought a new stake in shares of Boingo Wireless during the fourth quarter valued at $7,463,000. Renaissance Technologies LLC boosted its stake in shares of Boingo Wireless by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,768,700 shares of the technology company’s stock valued at $21,560,000 after buying an additional 317,800 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Boingo Wireless by 10.8% in the first quarter. Vanguard Group Inc. now owns 1,716,153 shares of the technology company’s stock valued at $22,292,000 after buying an additional 167,407 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Boingo Wireless by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,758,272 shares of the technology company’s stock valued at $21,433,000 after buying an additional 128,538 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.
WIFI has been the topic of several research reports. Credit Suisse Group AG restated a “buy” rating and issued a $16.00 price target on shares of Boingo Wireless in a research note on Tuesday, April 18th. Jefferies Group LLC increased their price objective on shares of Boingo Wireless from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 price objective on shares of Boingo Wireless in a research note on Friday, March 10th. Craig Hallum increased their price objective on shares of Boingo Wireless from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Benchmark Co. initiated coverage on shares of Boingo Wireless in a research note on Tuesday, April 25th. They set a “buy” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.90.
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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