Boingo Wireless (WIFI) Upgraded by BidaskClub to “Buy”
Boingo Wireless (NASDAQ:WIFI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other brokerages have also recently issued reports on WIFI. Credit Suisse Group restated an “outperform” rating and set a $32.00 price objective (up previously from $27.00) on shares of Boingo Wireless in a report on Wednesday. Jefferies Group boosted their price objective on Boingo Wireless to $32.00 and gave the stock a “buy” rating in a report on Wednesday. Lake Street Capital restated a “buy” rating and set a $30.00 price objective (up previously from $26.00) on shares of Boingo Wireless in a report on Wednesday. Craig Hallum boosted their price objective on Boingo Wireless from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Northland Securities restated a “buy” rating on shares of Boingo Wireless in a report on Thursday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.72.
Shares of Boingo Wireless (WIFI) opened at $25.97 on Friday. Boingo Wireless has a 1-year low of $10.46 and a 1-year high of $27.84. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09.
Several hedge funds have recently modified their holdings of WIFI. Wells Fargo & Company MN boosted its stake in shares of Boingo Wireless by 17.1% in the second quarter. Wells Fargo & Company MN now owns 44,623 shares of the technology company’s stock valued at $668,000 after buying an additional 6,504 shares during the period. Ameriprise Financial Inc. bought a new stake in Boingo Wireless during the second quarter worth $1,815,000. Northern Trust Corp lifted its stake in Boingo Wireless by 4.4% during the second quarter. Northern Trust Corp now owns 437,087 shares of the technology company’s stock worth $6,539,000 after purchasing an additional 18,228 shares during the last quarter. Vanguard Group Inc. lifted its stake in Boingo Wireless by 19.0% during the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock worth $30,563,000 after purchasing an additional 326,791 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Boingo Wireless by 239.5% during the second quarter. Parametric Portfolio Associates LLC now owns 68,761 shares of the technology company’s stock worth $1,029,000 after purchasing an additional 48,505 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.
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Boingo Wireless Company Profile
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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