Boingo Wireless Inc. (NASDAQ:WIFI)’s share price shot up 5.5% on Monday . The company traded as high as $9.07 and last traded at $8.99, with a volume of 580,210 shares. The stock had previously closed at $8.52.

A number of brokerages have recently weighed in on WIFI. BTIG Research began coverage on Boingo Wireless in a research note on Monday, July 11th. They set a “sell” rating and a $6.85 target price on the stock. Lake Street Capital started coverage on Boingo Wireless in a research note on Monday, June 20th. They set a “buy” rating and a $12.00 price objective on the stock. Credit Suisse Group AG restated a “buy” rating and set a $11.00 price objective on shares of Boingo Wireless in a research note on Friday, May 6th. Finally, Zacks Investment Research lowered Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.19.

The firm’s market cap is $355.26 million. The stock’s 50-day moving average is $8.55 and its 200 day moving average is $7.30.

Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Thursday, May 5th. The company reported ($0.27) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.27). During the same quarter in the previous year, the firm earned ($0.22) EPS. The business earned $34.50 million during the quarter, compared to analysts’ expectations of $33.55 million. Boingo Wireless’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts expect that Boingo Wireless Inc. will post ($0.68) earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of WIFI. Columbia Wanger Asset Management LLC increased its position 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 valued at $31,345,000 after buying an additional 169,351 shares during the last quarter. Bank of Montreal Can increased its position in Boingo Wireless by 3.6% in the fourth quarter. Bank of Montreal Can now owns 388,370 shares of the company’s stock valued at $2,571,000 after buying an additional 13,406 shares during the last quarter. Royce & Associates LLC increased its position in Boingo Wireless by 17.4% in the fourth quarter. Royce & Associates LLC now owns 226,090 shares of the company’s stock valued at $1,497,000 after buying an additional 33,500 shares during the last quarter. 1492 Capital Management LLC increased its position in Boingo Wireless by 18.1% in the fourth quarter. 1492 Capital Management LLC now owns 152,629 shares of the company’s stock valued at $1,010,000 after buying an additional 23,437 shares during the last quarter. Finally, P.A.W. Capital Corp purchased a new position in Boingo Wireless during the fourth quarter valued at approximately $1,456,000.

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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