Boingo Wireless Inc. (NASDAQ:WIFI) insider Dawn Callahan sold 9,004 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $12.00, for a total transaction of $108,048.00. Following the sale, the insider now owns 4,843 shares in the company, valued at approximately $58,116. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dawn Callahan also recently made the following trade(s):

  • On Friday, November 4th, Dawn Callahan sold 12,500 shares of Boingo Wireless stock. The shares were sold at an average price of $9.86, for a total transaction of $123,250.00.
  • On Monday, October 3rd, Dawn Callahan sold 12,500 shares of Boingo Wireless stock. The shares were sold at an average price of $10.03, for a total transaction of $125,375.00.

Shares of Boingo Wireless Inc. (NASDAQ:WIFI) opened at 12.23 on Wednesday. The firm has a 50-day moving average of $10.61 and a 200 day moving average of $9.15. The company’s market capitalization is $468.14 million. Boingo Wireless Inc. has a 52-week low of $5.40 and a 52-week high of $12.48.

Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, November 3rd. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. Boingo Wireless had a negative net margin of 17.38% and a negative return on equity of 25.35%. The business earned $40.80 million during the quarter, compared to analysts’ expectations of $41.28 million. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Boingo Wireless Inc. will post ($0.71) EPS for the current year.

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

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Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Boingo Wireless by 0.8% in the third quarter. Rhumbline Advisers now owns 39,131 shares of the company’s stock valued at $402,000 after buying an additional 300 shares in the last quarter. BlackRock Advisors LLC boosted its position in Boingo Wireless by 2.3% in the second quarter. BlackRock Advisors LLC now owns 18,778 shares of the company’s stock valued at $167,000 after buying an additional 417 shares in the last quarter. California State Teachers Retirement System boosted its position in Boingo Wireless by 0.9% in the third quarter. California State Teachers Retirement System now owns 75,386 shares of the company’s stock valued at $775,000 after buying an additional 700 shares in the last quarter. Geduld E E boosted its position in 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 in the last quarter. Finally, Sterling Capital Management LLC boosted its position in 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 in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. Jefferies Group boosted their price target on shares of Boingo Wireless from $11.00 to $13.00 and gave the company a “buy” rating in a report on Monday, November 7th. Zacks Investment Research downgraded shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Craig Hallum boosted their price objective on shares of Boingo Wireless from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Ladenburg Thalmann reaffirmed a “buy” rating and set a $12.25 price objective on shares of Boingo Wireless in a research report on Thursday, August 11th. Finally, Oppenheimer Holdings Inc. assumed coverage on shares of Boingo Wireless in a research report on Tuesday, September 13th. They set an “outperform” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $11.39.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor distributed antenna systems (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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