Shares of Boingo Wireless Inc. (NASDAQ:WIFI) shot up 3.6% during mid-day trading on Tuesday . The company traded as high as $8.91 and last traded at $8.91, with a volume of 300,060 shares traded. The stock had previously closed at $8.60.

A number of brokerages recently issued reports on WIFI. Jefferies Group raised their price target on Boingo Wireless from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday. BTIG Research began coverage on Boingo Wireless in a research report on Monday, July 11th. They issued a “sell” rating and a $6.85 price target for the company. Lake Street Capital began coverage on Boingo Wireless in a research report on Monday, June 20th. They issued a “buy” rating and a $12.00 price target for the company. Zacks Investment Research upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, May 19th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $11.00 price target on shares of Boingo Wireless in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.34.

The firm’s market capitalization is $335.70 million. The firm has a 50 day moving average of $8.97 and a 200-day moving average of $7.61.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The firm had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $38.94 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts predict that Boingo Wireless Inc. will post ($0.73) EPS for the current year.

Several hedge funds have recently modified their holdings of the company. 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 valued at $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 valued at $1,956,000 after buying an additional 101,730 shares during the last quarter. 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 valued at $2,571,000 after buying an additional 13,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Boingo Wireless by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,456,012 shares of the company’s stock valued at $9,639,000 after buying an additional 90,786 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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