Boingo Wireless Inc. (NASDAQ:WIFI) CMO Dawn Callahan sold 12,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $10.03, for a total value of $125,375.00. Following the transaction, the chief marketing officer now directly owns 24,612 shares in the company, valued at approximately $246,858.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Boingo Wireless Inc. (NASDAQ:WIFI) opened at 9.90 on Thursday. Boingo Wireless Inc. has a 12 month low of $5.40 and a 12 month high of $10.38. The firm’s market capitalization is $377.36 million. The stock’s 50 day moving average price is $9.02 and its 200 day moving average price is $8.34.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $38.94 million. Boingo Wireless had a negative return on equity of 23.75% and a negative net margin of 17.20%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.16) earnings per share. Equities research analysts expect that Boingo Wireless Inc. will post ($0.72) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

WIFI has been the topic of a number of research reports. Lake Street Capital initiated coverage on Boingo Wireless in a research report on Monday, June 20th. They set a “buy” rating and a $12.00 price target on the stock. BTIG Research assumed coverage on Boingo Wireless in a research report on Monday, July 11th. They issued a “sell” rating and a $6.85 target price on the stock. Jefferies Group raised their target price on Boingo Wireless from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Ladenburg Thalmann restated a “buy” rating and issued a $12.25 target price on shares of Boingo Wireless in a research report on Thursday, August 11th. Finally, Oppenheimer Holdings Inc. assumed coverage on Boingo Wireless in a research report on Tuesday, September 13th. They issued an “outperform” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.73.

A number of large investors have recently added to or reduced their stakes in WIFI. BlackRock Advisors LLC increased its stake in Boingo Wireless by 2.3% in the second quarter. BlackRock Advisors LLC now owns 18,778 shares of the company’s stock worth $167,000 after buying an additional 417 shares during the last quarter. Geduld E E increased its position in shares of Boingo Wireless by 1.3% in the second quarter. Geduld E E now owns 80,000 shares of the company’s stock valued at $714,000 after buying an additional 1,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boingo Wireless by 0.8% in the first quarter. Geode Capital Management LLC now owns 208,733 shares of the company’s stock valued at $1,611,000 after buying an additional 1,617 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Boingo Wireless by 2.1% in the second quarter. Sterling Capital Management LLC now owns 103,395 shares of the company’s stock valued at $922,000 after buying an additional 2,100 shares during the last quarter. Finally, AWM Investment Company Inc. increased its position in shares of Boingo Wireless by 1.7% in the second quarter. AWM Investment Company Inc. now owns 355,026 shares of the company’s stock valued at $3,167,000 after buying an additional 5,800 shares during the last quarter. 86.56% of the stock is currently owned by institutional investors.

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 for carriers. 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 segment.

5 Day Chart for NASDAQ:WIFI

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