Boingo Wireless, Inc. (NASDAQ:WIFI) insider Dawn Callahan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $25.10, for a total transaction of $627,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Boingo Wireless, Inc. (WIFI) traded up $0.33 during trading on Thursday, hitting $24.70. 370,318 shares of the stock traded hands, compared to its average volume of 341,978. Boingo Wireless, Inc. has a twelve month low of $10.46 and a twelve month high of $25.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50.
Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The business had revenue of $53.66 million during the quarter, compared to analysts’ expectations of $50.22 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts forecast that Boingo Wireless, Inc. will post -0.58 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in shares of Boingo Wireless in the 3rd quarter valued at approximately $114,000. Legal & General Group Plc boosted its position in shares of Boingo Wireless by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock worth $137,000 after purchasing an additional 341 shares during the period. Royal Bank of Canada boosted its position in shares of Boingo Wireless by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after purchasing an additional 135 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of Boingo Wireless during the 1st quarter worth approximately $159,000. Finally, American Century Companies Inc. purchased a new position in shares of Boingo Wireless during the 2nd quarter worth approximately $164,000. 89.96% of the stock is 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. 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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