Boingo Wireless, Inc. (NASDAQ:WIFI) VP Tom Tracey sold 10,000 shares of Boingo Wireless stock in a transaction on Friday, September 1st. The stock was sold at an average price of $20.45, for a total transaction of $204,500.00. Following the completion of the transaction, the vice president now directly owns 34,868 shares in the company, valued at $713,050.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tom Tracey also recently made the following trade(s):

  • On Wednesday, August 9th, Tom Tracey sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $18.45, for a total transaction of $461,250.00.
  • On Friday, June 9th, Tom Tracey sold 10,000 shares of Boingo Wireless stock. The shares were sold at an average price of $16.68, for a total transaction of $166,800.00.

Boingo Wireless, Inc. (WIFI) traded down 2.92% during midday trading on Wednesday, reaching $20.62. 361,567 shares of the company’s stock traded hands. Boingo Wireless, Inc. has a 1-year low of $8.59 and a 1-year high of $21.37. The company’s market capitalization is $827.05 million. The firm’s 50 day moving average price is $17.94 and its 200-day moving average price is $15.17.

Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The firm had revenue of $49 million during the quarter, compared to analysts’ expectations of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Equities analysts expect that Boingo Wireless, Inc. will post ($0.64) EPS for the current year.

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A number of equities research analysts have recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Boingo Wireless from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $24.00 price objective (up from $18.00) on shares of Boingo Wireless in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price objective (up from $17.00) on shares of Boingo Wireless in a report on Wednesday, August 9th. Benchmark Co. boosted their price objective on shares of Boingo Wireless from $18.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub lowered shares of Boingo Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Boingo Wireless has an average rating of “Hold” and an average price target of $18.37.

Several large investors have recently modified their holdings of WIFI. Teachers Advisors LLC boosted its holdings in shares of Boingo Wireless by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 94,267 shares of the technology company’s stock valued at $1,149,000 after acquiring an additional 673 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Boingo Wireless by 23.1% in the first quarter. Russell Investments Group Ltd. now owns 755,061 shares of the technology company’s stock valued at $9,808,000 after acquiring an additional 141,865 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Boingo Wireless by 3.4% in the first quarter. Wells Fargo & Company MN now owns 38,119 shares of the technology company’s stock valued at $495,000 after acquiring an additional 1,253 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Boingo Wireless by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 466,879 shares of the technology company’s stock valued at $6,065,000 after acquiring an additional 20,517 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless in the first quarter valued at about $159,000. 89.08% 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. 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.

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

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