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.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. The company had revenue of $53.66 million for the quarter, compared to analyst estimates of $50.22 million. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. Boingo Wireless’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) EPS. equities research analysts anticipate that Boingo Wireless will post -0.58 EPS for the current year.

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.

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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.

Analyst Recommendations for Boingo Wireless (NASDAQ:WIFI)

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