Boingo Wireless (WIFI) Receives New Coverage from Analysts at Roth Capital
Analysts at Roth Capital began coverage on shares of Boingo Wireless (NASDAQ:WIFI) in a research report issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $29.00 price target on the technology company’s stock. Roth Capital’s price target points to a potential upside of 28.04% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer lifted their price target on shares of Boingo Wireless and gave the company an “outperform” rating in a report on Friday, November 3rd. BidaskClub upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Jefferies Group lifted their price target on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Craig Hallum lifted their price target on shares of Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Boingo Wireless has an average rating of “Buy” and an average price target of $24.50.
Shares of Boingo Wireless (NASDAQ:WIFI) traded up $0.45 on Wednesday, hitting $22.65. 714,700 shares of the company’s stock were exchanged, compared to its average volume of 468,092. The firm has a market cap of $924.83, a price-to-earnings ratio of -39.05 and a beta of 0.53. Boingo Wireless has a 52 week low of $10.46 and a 52 week high of $25.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 0.50.
In related news, insider Dawn Callahan sold 25,000 shares of Boingo Wireless stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $25.10, for a total transaction of $627,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Hovenier sold 10,000 shares of Boingo Wireless stock in a transaction on Friday, November 17th. The stock was sold at an average price of $23.75, for a total transaction of $237,500.00. Following the sale, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $237,500. The disclosure for this sale can be found here. Insiders have sold a total of 175,770 shares of company stock worth $4,071,931 in the last 90 days. Company insiders own 7.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WIFI. Great West Life Assurance Co. Can purchased a new stake in Boingo Wireless during the 3rd quarter worth $114,000. Legal & General Group Plc increased its stake in Boingo Wireless by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock worth $137,000 after buying an additional 341 shares during the period. Royal Bank of Canada increased its stake in Boingo Wireless by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after buying an additional 135 shares during the period. American Century Companies Inc. purchased a new stake in Boingo Wireless during the 2nd quarter worth $164,000. Finally, First Republic Investment Management Inc. purchased a new stake in Boingo Wireless during the 3rd quarter worth $229,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Boingo Wireless (WIFI) Receives New Coverage from Analysts at Roth Capital” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2018/01/19/boingo-wireless-wifi-receives-new-coverage-from-analysts-at-roth-capital.html.
About Boingo Wireless
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. 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.
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.