Shares of Boingo Wireless Inc. (NASDAQ:WIFI) have received an average rating of “Buy” from the ten research firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.23.

WIFI has been the topic of a number of recent analyst reports. BTIG Research started coverage on shares of Boingo Wireless in a research note on Monday, July 11th. They set a “sell” rating and a $6.85 price target on the stock. Lake Street Capital started coverage on shares of Boingo Wireless in a research report on Monday, June 20th. They set a “buy” rating and a $12.00 target price on the stock. Ladenburg Thalmann restated a “buy” rating and set a $12.25 target price on shares of Boingo Wireless in a research report on Thursday, August 11th. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, October 6th. Finally, Oppenheimer Holdings Inc. started coverage on shares of Boingo Wireless in a research report on Tuesday, September 13th. They set an “outperform” rating and a $12.00 target price on the stock.

Boingo Wireless (NASDAQ:WIFI) traded up 0.30% during mid-day trading on Wednesday, hitting $10.00. 56,560 shares of the stock traded hands. The stock’s 50 day moving average is $9.20 and its 200-day moving average is $8.42. Boingo Wireless has a 12 month low of $5.40 and a 12 month high of $10.38. The company’s market cap is $381.17 million.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. Boingo Wireless had a negative net margin of 17.20% and a negative return on equity of 23.75%. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $38.94 million. During the same period in the previous year, the business posted ($0.16) earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Boingo Wireless will post ($0.72) EPS for the current year.

In related news, CMO Dawn Callahan sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $10.03, for a total transaction of $125,375.00. Following the transaction, the chief marketing officer now owns 24,612 shares of the company’s stock, valued at $246,858.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Tom Tracey sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $8.44, for a total transaction of $31,650.00. Following the transaction, the vice president now directly owns 46,299 shares in the company, valued at approximately $390,763.56. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank increased its position in shares of Boingo Wireless by 14.8% in the second quarter. Swiss National Bank now owns 66,750 shares of the company’s stock valued at $595,000 after buying an additional 8,600 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Boingo Wireless by 6.3% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,519,715 shares of the company’s stock valued at $22,476,000 after buying an additional 148,394 shares during the last quarter. Northpointe Capital LLC increased its position in shares of Boingo Wireless by 43.4% in the second quarter. Northpointe Capital LLC now owns 331,920 shares of the company’s stock valued at $2,961,000 after buying an additional 100,492 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of Boingo Wireless by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 608,904 shares of the company’s stock valued at $5,431,000 after buying an additional 6,119 shares during the last quarter. Finally, RS Investment Management Co. LLC increased its position in shares of Boingo Wireless by 12.4% in the second quarter. RS Investment Management Co. LLC now owns 476,440 shares of the company’s stock valued at $4,250,000 after buying an additional 52,720 shares during the last quarter. 86.56% of the stock is currently owned by institutional investors and hedge funds.

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

Receive News & Stock Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related stocks with our FREE daily email newsletter.