Boingo Wireless, Inc. (NASDAQ:WIFI) CFO Peter Hovenier sold 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $23.75, for a total transaction of $237,500.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $237,500. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Peter Hovenier also recently made the following trade(s):

  • On Monday, November 20th, Peter Hovenier sold 25,000 shares of Boingo Wireless stock. The shares were sold at an average price of $24.51, for a total transaction of $612,750.00.
  • On Thursday, September 14th, Peter Hovenier sold 18,552 shares of Boingo Wireless stock. The shares were sold at an average price of $21.31, for a total transaction of $395,343.12.
  • 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 transaction of $504,750.00.
  • On Tuesday, August 29th, Peter Hovenier sold 35,233 shares of Boingo Wireless stock. The stock was sold at an average price of $20.27, for a total transaction of $714,172.91.

Boingo Wireless, Inc. (WIFI) traded down $0.10 during trading hours on Thursday, reaching $25.17. The company had a trading volume of 355,700 shares, compared to its average volume of 343,375. Boingo Wireless, Inc. has a 12-month low of $10.46 and a 12-month high of $25.99. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. The firm had revenue of $53.66 million during the quarter, compared to analysts’ expectations of $50.22 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. Boingo Wireless’s revenue was up 31.5% on a year-over-year basis. research analysts expect that Boingo Wireless, Inc. will post -0.58 EPS for the current fiscal year.

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A number of brokerages have issued reports on WIFI. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $30.00 price objective on shares of Boingo Wireless in a report on Wednesday, November 15th. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 target price (up from $17.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Benchmark Co. raised their price target on Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Craig Hallum lifted their target price on Boingo Wireless from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Boingo Wireless currently has a consensus rating of “Hold” and a consensus price target of $22.04.

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in Boingo Wireless by 20.1% in the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock worth $34,860,000 after purchasing an additional 389,195 shares during the period. Vanguard Group Inc. lifted its position in Boingo Wireless by 19.0% in the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock worth $30,563,000 after purchasing an additional 326,791 shares during the period. Dimensional Fund Advisors LP lifted its position in Boingo Wireless by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,995,174 shares of the technology company’s stock worth $42,638,000 after purchasing an additional 42,749 shares during the period. Russell Investments Group Ltd. lifted its position in Boingo Wireless by 64.1% in the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock worth $18,538,000 after purchasing an additional 484,061 shares during the period. Finally, Hood River Capital Management LLC lifted its position in Boingo Wireless by 2.2% in the third quarter. Hood River Capital Management LLC now owns 1,065,768 shares of the technology company’s stock worth $22,775,000 after purchasing an additional 22,549 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

About Boingo Wireless

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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