Peter Hovenier Sells 35,233 Shares of Boingo Wireless, Inc. (WIFI) Stock
Boingo Wireless, Inc. (NASDAQ:WIFI) CFO Peter Hovenier sold 35,233 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $20.27, for a total value of $714,172.91. Following the sale, the chief financial officer now owns 8,551 shares of the company’s stock, valued at $173,328.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Peter Hovenier also recently made the following trade(s):
- On Monday, August 28th, Peter Hovenier sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $20.19, for a total value of $504,750.00.
- On Thursday, June 1st, Peter Hovenier sold 33,349 shares of Boingo Wireless stock. The stock was sold at an average price of $16.27, for a total value of $542,588.23.
Boingo Wireless, Inc. (WIFI) opened at 20.59 on Friday. The company’s market capitalization is $825.84 million. The firm has a 50-day moving average price of $17.53 and a 200 day moving average price of $14.96. Boingo Wireless, Inc. has a 52-week low of $8.51 and a 52-week high of $20.68.
Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. Boingo Wireless had a negative return on equity of 25.82% and a negative net margin of 13.85%. The firm had revenue of $49 million for the quarter, compared to the consensus estimate of $46.23 million. During the same period last year, the firm earned ($0.19) EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts predict that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL purchased a new stake in shares of Boingo Wireless during the first quarter valued at about $134,000. Cambria Investment Management L.P. purchased a new stake in shares of Boingo Wireless during the first quarter valued at about $136,000. Legal & General Group Plc raised its stake in shares of Boingo Wireless by 3.9% in the second quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after buying an additional 341 shares during the period. Royal Bank of Canada raised its stake in shares of Boingo Wireless by 1.3% in the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after buying an additional 135 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless during the first quarter valued at about $159,000. 89.08% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on WIFI. ValuEngine upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 price objective (up from $18.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Benchmark Co. upped their price objective on Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Credit Suisse Group upped their price objective on Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, Ladenburg Thalmann Financial Services upped their price objective on Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Boingo Wireless presently has an average rating of “Hold” and an average target price of $17.93.
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. 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.
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