Boingo Wireless Inc. (NASDAQ:WIFI) was down 4.7% on Tuesday . The company traded as low as $8.60 and last traded at $8.73, with a volume of 314,715 shares. The stock had previously closed at $9.16.

A number of equities research analysts recently weighed in on WIFI shares. BTIG Research started coverage on Boingo Wireless in a research report 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 report on Monday, June 20th. They set a “buy” rating and a $12.00 target price on the stock. Zacks Investment Research downgraded Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $11.00 target price on shares of Boingo Wireless in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Boingo Wireless presently has a consensus rating of “Buy” and a consensus price target of $10.19.

The firm’s 50 day moving average price is $8.95 and its 200-day moving average price is $7.52. The company’s market cap is $334.05 million.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.27) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.27). The business had revenue of $34.50 million for the quarter, compared to analyst estimates of $33.55 million. During the same quarter in the prior year, the company earned ($0.22) earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts predict that Boingo Wireless Inc. will post ($0.68) EPS for the current fiscal year.

Several large investors have recently modified their holdings of WIFI. 1492 Capital Management LLC boosted its stake in shares of Boingo Wireless by 18.1% in the fourth quarter. 1492 Capital Management LLC now owns 152,629 shares of the company’s stock worth $1,010,000 after buying an additional 23,437 shares during the last quarter. P.A.W. Capital Corp purchased a new stake in shares of Boingo Wireless during the fourth quarter worth about $1,456,000. Royce & Associates LLC boosted its stake in shares of 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 during the last quarter. RS Investment Management Co. LLC boosted its stake in shares of Boingo Wireless by 52.5% in the fourth quarter. RS Investment Management Co. LLC now owns 295,490 shares of the company’s stock worth $1,956,000 after buying an additional 101,730 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of 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 during 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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