Boingo Wireless, Inc. (NASDAQ:WIFI) insider Derek Peterson sold 50,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $20.80, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 60,496 shares of the company’s stock, valued at $1,258,316.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Boingo Wireless, Inc. (NASDAQ WIFI) opened at 20.86 on Wednesday. Boingo Wireless, Inc. has a 12-month low of $8.59 and a 12-month high of $21.60. The company’s market capitalization is $836.67 million. The stock’s 50 day moving average is $18.57 and its 200-day moving average is $15.42.

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 Zacks’ 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 company had revenue of $49.00 million for the quarter, compared to the consensus estimate of $46.23 million. During the same quarter in the prior year, the company posted ($0.19) EPS. Boingo Wireless’s revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current year.

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Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Boingo Wireless by 20.1% during the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock worth $34,860,000 after acquiring an additional 389,195 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Boingo Wireless by 19.0% during the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock worth $30,563,000 after acquiring an additional 326,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Boingo Wireless by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,952,425 shares of the technology company’s stock worth $29,209,000 after acquiring an additional 145,796 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Boingo Wireless by 64.1% during the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock worth $18,538,000 after acquiring an additional 484,061 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of Boingo Wireless by 58.1% during the second quarter. Hood River Capital Management LLC now owns 1,043,219 shares of the technology company’s stock worth $15,607,000 after acquiring an additional 383,174 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

WIFI has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Boingo Wireless from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub downgraded shares of Boingo Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Ladenburg Thalmann Financial Services raised their price target on shares of Boingo Wireless from $16.85 to $18.50 and gave the company a “buy” rating in a report on Thursday, May 25th. Craig Hallum raised their price target on shares of Boingo Wireless from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Benchmark Co. raised their price target 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Boingo Wireless has an average rating of “Hold” and a consensus target price of $18.37.

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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