Several brokerages have updated their recommendations and price targets on shares of Boingo Wireless (NASDAQ: WIFI) in the last few weeks:

  • 11/8/2017 – Boingo Wireless was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “
  • 11/3/2017 – Boingo Wireless had its price target raised by analysts at Credit Suisse Group AG from $24.00 to $26.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Boingo Wireless had its price target raised by analysts at Craig Hallum from $24.00 to $28.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Boingo Wireless had its price target raised by analysts at Jefferies Group LLC from $20.00 to $27.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Boingo Wireless had its price target raised by analysts at Oppenheimer Holdings, Inc.. They now have an “outperform” rating on the stock.
  • 10/5/2017 – Boingo Wireless was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “

Shares of Boingo Wireless, Inc. (NASDAQ WIFI) opened at $21.51 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless, Inc. has a twelve month low of $10.46 and a twelve month high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $53.66 million for the quarter, compared to the consensus estimate of $50.22 million. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. research analysts forecast that Boingo Wireless, Inc. will post -0.59 EPS for the current year.

In related news, insider Derek Peterson sold 50,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $20.80, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 60,496 shares of the company’s stock, valued at $1,258,316.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Hovenier sold 18,552 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.31, for a total transaction of $395,343.12. The disclosure for this sale can be found here. Insiders have sold 146,285 shares of company stock worth $3,003,816 over the last three months. 7.70% of the stock is currently owned by insiders.

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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