Equities research analysts expect Boingo Wireless Inc (NASDAQ:WIFI) to post earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Boingo Wireless’ earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.15). Boingo Wireless also reported earnings per share of ($0.11) in the same quarter last year. The company is scheduled to report its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Boingo Wireless will report full-year earnings of ($0.57) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.53). For the next year, analysts anticipate that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.50) to ($0.31). Zacks’ EPS averages are an average based on a survey of research analysts that follow Boingo Wireless.

Several analysts have commented on the stock. BidaskClub raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Credit Suisse Group boosted their price objective on shares of Boingo Wireless from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Craig Hallum boosted their price objective on shares of Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Jefferies Group boosted their price objective on shares of Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a research note 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. Boingo Wireless has a consensus rating of “Buy” and an average target price of $24.50.

In related news, CFO Peter Hovenier sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $23.75, for a total transaction of $237,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $237,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Hagan sold 59,500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $22.10, for a total transaction of $1,314,950.00. Following the transaction, the chief executive officer now owns 606,186 shares of the company’s stock, valued at $13,396,710.60. The disclosure for this sale can be found here. Insiders sold 175,770 shares of company stock valued at $4,071,931 over the last 90 days. 7.70% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can acquired a new position in Boingo Wireless during the 3rd quarter valued at $114,000. Legal & General Group Plc raised its stake in shares of Boingo Wireless by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after buying an additional 341 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Boingo Wireless by 1.3% in the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after buying an additional 135 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Boingo Wireless in the 3rd quarter valued at $229,000. Finally, Gotham Asset Management LLC acquired a new position in shares of Boingo Wireless in the 2nd quarter valued at $237,000. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Boingo Wireless (WIFI) traded up $0.20 during mid-day trading on Friday, reaching $22.91. 82,688 shares of the company’s stock traded hands, compared to its average volume of 401,042. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $962.77, a P/E ratio of -39.36 and a beta of 0.57. Boingo Wireless has a 12 month low of $10.46 and a 12 month high of $25.99.

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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.

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