Boingo Wireless Inc (NASDAQ:WIFI) CFO Peter Hovenier sold 9,785 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $33.77, for a total value of $330,439.45. Following the completion of the transaction, the chief financial officer now directly owns 28,785 shares in the company, valued at $972,069.45. The sale was disclosed in a filing with the SEC, which is available through this link.
Peter Hovenier also recently made the following trade(s):
- On Thursday, September 6th, Peter Hovenier sold 15,000 shares of Boingo Wireless stock. The shares were sold at an average price of $33.20, for a total value of $498,000.00.
- On Friday, June 15th, Peter Hovenier sold 20,730 shares of Boingo Wireless stock. The shares were sold at an average price of $24.45, for a total value of $506,848.50.
WIFI opened at $32.93 on Friday. Boingo Wireless Inc has a 52-week low of $20.02 and a 52-week high of $34.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.43.
Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Wednesday, August 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.19. The company had revenue of $59.60 million for the quarter, compared to analyst estimates of $56.52 million. Boingo Wireless had a negative return on equity of 5.51% and a negative net margin of 2.44%. Boingo Wireless’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) EPS. equities research analysts expect that Boingo Wireless Inc will post -0.17 earnings per share for the current fiscal year.
A number of research analysts have commented on WIFI shares. Roth Capital set a $32.00 price objective on Boingo Wireless and gave the company a “buy” rating in a report on Thursday, August 2nd. BidaskClub raised Boingo Wireless from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Craig Hallum upped their price objective on Boingo Wireless from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. ValuEngine raised Boingo Wireless from a “buy” rating to a “strong-buy” rating in a report on Monday, June 11th. Finally, Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday. Nine research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.71.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Boingo Wireless by 26.3% during the 1st quarter. JPMorgan Chase & Co. now owns 97,487 shares of the technology company’s stock worth $2,415,000 after purchasing an additional 20,298 shares in the last quarter. Pier Capital LLC acquired a new stake in shares of Boingo Wireless during the 1st quarter worth $6,453,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Boingo Wireless during the 2nd quarter worth $8,905,000. Hood River Capital Management LLC grew its holdings in shares of Boingo Wireless by 22.4% during the 1st quarter. Hood River Capital Management LLC now owns 1,414,116 shares of the technology company’s stock worth $35,028,000 after purchasing an additional 258,883 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Boingo Wireless by 9.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 905,081 shares of the technology company’s stock worth $20,446,000 after purchasing an additional 76,563 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.
Boingo Wireless Company Profile
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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