Shares of Boingo Wireless, Inc. (NASDAQ:WIFI) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.79.

WIFI has been the topic of a number of analyst reports. Craig Hallum lifted their price target on Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, October 5th. Jefferies Group reissued a “buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. Benchmark raised their price objective on Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Oppenheimer restated a “buy” rating and set a $30.00 price objective on shares of Boingo Wireless in a research report on Wednesday, November 15th.

Shares of Boingo Wireless (NASDAQ:WIFI) traded down $0.55 on Friday, reaching $24.15. The company had a trading volume of 320,019 shares, compared to its average volume of 341,884. Boingo Wireless has a 1 year low of $10.46 and a 1 year high of $25.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 0.50.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $53.66 million for the quarter, compared to analysts’ expectations of $50.22 million. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. Boingo Wireless’s revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS. equities analysts forecast that Boingo Wireless will post -0.58 EPS for the current year.

In other Boingo Wireless news, insider Dawn Callahan sold 25,000 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Hovenier sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $23.75, for a total value of $237,500.00. Following the sale, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $237,500. The disclosure for this sale can be found here. Insiders have sold a total of 128,552 shares of company stock valued at $2,913,093 over the last 90 days. Corporate insiders own 7.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings 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 valued at $156,000 after buying an additional 135 shares during the last quarter. Legal & General Group Plc lifted its holdings 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 valued at $137,000 after buying an additional 341 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $452,000 after buying an additional 1,178 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Boingo Wireless by 4.8% during the 1st quarter. Alliancebernstein L.P. now owns 26,400 shares of the technology company’s stock valued at $343,000 after buying an additional 1,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Boingo Wireless by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,107 shares of the technology company’s stock valued at $391,000 after buying an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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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.

Analyst Recommendations for Boingo Wireless (NASDAQ:WIFI)

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