BidaskClub upgraded shares of Boingo Wireless (NASDAQ:WIFI) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other equities analysts have also commented on WIFI. Craig Hallum boosted their price objective on Boingo Wireless from $24.00 to $28.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Credit Suisse Group boosted their price objective on Boingo Wireless from $24.00 to $26.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Jefferies Group boosted their price objective on Boingo Wireless from $20.00 to $27.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Oppenheimer boosted their price objective on Boingo Wireless and gave the stock an outperform rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Boingo Wireless from a buy rating to a hold rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Boingo Wireless has an average rating of Buy and an average price target of $24.50.

Boingo Wireless (WIFI) opened at $23.18 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $945.63, a price-to-earnings ratio of -39.97 and a beta of 0.58. Boingo Wireless has a one year low of $10.46 and a one year high of $25.99.

In other news, CFO Peter Hovenier sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $23.75, for a total transaction of $237,500.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $237,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawn Callahan sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $25.10, for a total value of $627,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 175,770 shares of company stock worth $4,071,931. Insiders own 7.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Boingo Wireless by 1.3% during the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after acquiring an additional 135 shares during the period. Legal & General Group Plc lifted its stake in shares of Boingo Wireless by 3.9% during the second quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after acquiring an additional 341 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Boingo Wireless by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 30,153 shares of the technology company’s stock valued at $452,000 after acquiring an additional 1,178 shares during the period. Aperio Group LLC lifted its stake in shares of Boingo Wireless by 21.4% during the third quarter. Aperio Group LLC now owns 13,306 shares of the technology company’s stock valued at $284,000 after acquiring an additional 2,342 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Boingo Wireless by 7.1% during the fourth quarter. Swiss National Bank now owns 61,550 shares of the technology company’s stock valued at $1,385,000 after acquiring an additional 4,100 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Boingo Wireless (NASDAQ:WIFI)

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