Boingo Wireless, Inc. (WIFI) CFO Sells $395,343.12 in Stock
Boingo Wireless, Inc. (NASDAQ:WIFI) CFO Peter Hovenier sold 18,552 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.31, for a total value of $395,343.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Peter Hovenier also recently made the following trade(s):
- On Monday, August 28th, Peter Hovenier sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $20.19, for a total value of $504,750.00.
- On Tuesday, August 29th, Peter Hovenier sold 35,233 shares of Boingo Wireless stock. The shares were sold at an average price of $20.27, for a total value of $714,172.91.
Boingo Wireless, Inc. (WIFI) traded up 0.84% during mid-day trading on Monday, hitting $21.57. The company’s stock had a trading volume of 559,940 shares. The firm has a 50 day moving average of $19.24 and a 200-day moving average of $15.64. Boingo Wireless, Inc. has a 52-week low of $9.00 and a 52-week high of $22.00. The firm’s market cap is $865.15 million.
Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.03). The company had revenue of $49.00 million for the quarter, compared to the consensus estimate of $46.23 million. Boingo Wireless had a negative return on equity of 25.82% and a negative net margin of 13.85%. Boingo Wireless’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. On average, equities research analysts expect that Boingo Wireless, Inc. will post ($0.64) EPS for the current fiscal year.
A number of brokerages have commented on WIFI. ValuEngine upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services upped their price target on Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Benchmark Co. upped their price target on Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $24.00 price target (up previously from $18.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Boingo Wireless has an average rating of “Hold” and an average price target of $18.37.
Several hedge funds have recently added to or reduced their stakes in the company. Castleark Management LLC bought a new position in shares of Boingo Wireless during the 2nd quarter worth about $8,995,000. The Manufacturers Life Insurance Company boosted its position in shares of Boingo Wireless by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,153 shares of the technology company’s stock worth $452,000 after purchasing an additional 1,178 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Boingo Wireless during the 2nd quarter worth about $252,000. State Street Corp boosted its position in shares of Boingo Wireless by 15.3% during the 2nd quarter. State Street Corp now owns 700,478 shares of the technology company’s stock worth $10,476,000 after purchasing an additional 92,895 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in shares of Boingo Wireless during the 2nd quarter worth about $237,000. 89.08% of the stock is currently owned by institutional investors.
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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