Boingo Wireless Inc (NASDAQ:WIFI) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.25.
A number of equities analysts have commented on the stock. William Blair restated a “buy” rating on shares of Boingo Wireless in a research report on Friday, October 11th. BidaskClub raised Boingo Wireless from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Craig Hallum restated a “buy” rating and set a $18.00 target price (down previously from $22.00) on shares of Boingo Wireless in a research report on Wednesday, November 6th. Oppenheimer cut their price target on Boingo Wireless from $23.00 to $15.00 in a report on Tuesday, December 17th. Finally, Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Saturday, January 11th.
WIFI traded up $0.57 during trading on Thursday, hitting $12.55. 28,173 shares of the stock were exchanged, compared to its average volume of 483,164. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $523.30 million, a P/E ratio of -415.33 and a beta of 1.00. The stock has a fifty day moving average price of $11.26 and a two-hundred day moving average price of $12.46. Boingo Wireless has a 1-year low of $8.85 and a 1-year high of $26.07.
Several large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Boingo Wireless by 122.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,986 shares of the technology company’s stock valued at $66,000 after purchasing an additional 3,300 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Boingo Wireless during the second quarter valued at approximately $151,000. Man Group plc bought a new position in Boingo Wireless during the 3rd quarter worth approximately $132,000. Cambridge Investment Research Advisors Inc. bought a new position in Boingo Wireless during the 2nd quarter worth approximately $264,000. Finally, Jane Street Group LLC acquired a new position in shares of Boingo Wireless in the 2nd quarter worth approximately $279,000. Institutional investors and hedge funds own 98.81% of the company’s stock.
Boingo Wireless Company Profile
Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.
Receive News & Ratings for Boingo Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless and related companies with MarketBeat.com's FREE daily email newsletter.