Shares of Boingo Wireless Inc. (NASDAQ:WIFI) saw strong trading volume on Tuesday . 452,240 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 261,153 shares.The stock last traded at $9.35 and had previously closed at $9.02.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Thursday, May 19th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $11.00 price target on shares of Boingo Wireless in a research note on Friday, May 6th. Lake Street Capital assumed coverage on shares of Boingo Wireless in a research note on Monday, June 20th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, BTIG Research initiated coverage on shares of Boingo Wireless in a research note on Monday, July 11th. They issued a “sell” rating and a $6.85 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Boingo Wireless currently has a consensus rating of “Buy” and a consensus price target of $10.19.

The stock has a 50 day moving average of $8.52 and a 200-day moving average of $7.28. The stock’s market cap is $355.26 million.

Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, May 5th. The company reported ($0.27) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.27). During the same period in the prior year, the company posted ($0.22) EPS. The firm had revenue of $34.50 million for the quarter, compared to analyst estimates of $33.55 million. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts anticipate that Boingo Wireless Inc. will post ($0.68) EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Columbia Wanger Asset Management LLC increased its stake in Boingo Wireless by 3.7% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 4,734,959 shares of the company’s stock worth $31,345,000 after buying an additional 169,351 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Boingo Wireless by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,456,012 shares of the company’s stock worth $9,639,000 after buying an additional 90,786 shares in the last quarter. Pembroke Management LTD purchased a new stake in Boingo Wireless during the fourth quarter worth $2,777,000. Bank of Montreal Can increased its stake in Boingo Wireless by 3.6% in the fourth quarter. Bank of Montreal Can now owns 388,370 shares of the company’s stock worth $2,571,000 after buying an additional 13,406 shares in the last quarter. Finally, Royce & Associates LLC increased its stake in Boingo Wireless by 17.4% in the fourth quarter. Royce & Associates LLC now owns 226,090 shares of the company’s stock worth $1,497,000 after buying an additional 33,500 shares in the last quarter.

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services for carriers. 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 segment.

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