Several analysts have recently updated their ratings and price targets for Boingo Wireless (NASDAQ: WIFI):

  • 11/13/2018 – Boingo Wireless had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $35.00 price target on the stock, down previously from $38.00.
  • 11/6/2018 – Boingo Wireless was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “
  • 11/3/2018 – Boingo Wireless was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/2/2018 – Boingo Wireless had its “buy” rating reaffirmed by analysts at Lake Street Capital. They now have a $34.00 price target on the stock, up previously from $31.00.
  • 10/23/2018 – Boingo Wireless was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “
  • 10/17/2018 – Boingo Wireless was given a new $40.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 10/13/2018 – Boingo Wireless was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “
  • 10/12/2018 – Boingo Wireless was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/2/2018 – Boingo Wireless was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/22/2018 – Boingo Wireless was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/21/2018 – Boingo Wireless had its price target raised by analysts at CIBC from $30.00 to $39.00. They now have an “outperform” rating on the stock.
  • 9/21/2018 – Boingo Wireless had its price target raised by analysts at Oppenheimer Holdings Inc. from $30.00 to $39.00. They now have an “outperform” rating on the stock.

Shares of NASDAQ WIFI traded down $0.57 during mid-day trading on Monday, hitting $23.73. The company had a trading volume of 710,205 shares, compared to its average volume of 502,917. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -48.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Boingo Wireless Inc has a one year low of $20.02 and a one year high of $35.98.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $65.25 million during the quarter, compared to analysts’ expectations of $63.32 million. Boingo Wireless had a negative return on equity of 2.53% and a negative net margin of 1.10%. Boingo Wireless’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. On average, sell-side analysts expect that Boingo Wireless Inc will post -0.12 EPS for the current year.

In related news, CFO Peter Hovenier sold 4,461 shares of Boingo Wireless stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $33.51, for a total transaction of $149,488.11. Following the completion of the transaction, the chief financial officer now owns 22,200 shares in the company, valued at $743,922. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Hagan sold 59,500 shares of Boingo Wireless stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $33.28, for a total value of $1,980,160.00. Following the transaction, the chief executive officer now owns 546,981 shares of the company’s stock, valued at approximately $18,203,527.68. The disclosure for this sale can be found here. Insiders sold a total of 183,532 shares of company stock valued at $5,863,476 in the last 90 days. 3.80% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in Boingo Wireless by 8.3% during the second quarter. Northern Trust Corp now owns 538,077 shares of the technology company’s stock worth $12,156,000 after purchasing an additional 41,243 shares during the period. GSA Capital Partners LLP bought a new position in Boingo Wireless during the second quarter worth about $228,000. Voya Investment Management LLC grew its holdings in Boingo Wireless by 65.6% during the second quarter. Voya Investment Management LLC now owns 1,352,431 shares of the technology company’s stock worth $30,551,000 after purchasing an additional 535,694 shares during the period. Chicago Equity Partners LLC grew its holdings in Boingo Wireless by 344.8% during the third quarter. Chicago Equity Partners LLC now owns 77,400 shares of the technology company’s stock worth $2,701,000 after purchasing an additional 60,000 shares during the period. Finally, Forsta AP Fonden bought a new position in Boingo Wireless during the second quarter worth about $384,000.

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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