Boingo Wireless (NASDAQ:WIFI)‘s stock had its “outperform” rating reiterated by analysts at William Blair in a note issued to investors on Monday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. BidaskClub lowered Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Oppenheimer reiterated a “buy” rating and issued a $30.00 target price on shares of Boingo Wireless in a research note on Wednesday, November 15th. Roth Capital initiated coverage on Boingo Wireless in a research note on Wednesday, January 17th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Craig Hallum lifted their target price on Boingo Wireless from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Boingo Wireless has an average rating of “Buy” and a consensus price target of $28.39.
Boingo Wireless (NASDAQ:WIFI) opened at $27.64 on Monday. Boingo Wireless has a 52 week low of $10.92 and a 52 week high of $28.34. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1,133.10, a PE ratio of -56.41 and a beta of 0.49.
Several hedge funds have recently modified their holdings of the company. Legion Partners Asset Management LLC purchased a new stake in Boingo Wireless in the fourth quarter valued at approximately $25,835,000. Park West Asset Management LLC boosted its position in Boingo Wireless by 82.4% in the fourth quarter. Park West Asset Management LLC now owns 1,824,300 shares of the technology company’s stock valued at $12,077,000 after buying an additional 824,300 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Boingo Wireless in the second quarter valued at approximately $6,678,000. Russell Investments Group Ltd. purchased a new stake in Boingo Wireless in the fourth quarter valued at approximately $7,463,000. Finally, Castleark Management LLC purchased a new stake in Boingo Wireless in the second quarter valued at approximately $8,995,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
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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