Boingo Wireless (NASDAQ:WIFI)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $35.00 price objective on the technology company’s stock, down from their previous price objective of $38.00. Jefferies Financial Group’s price target suggests a potential upside of 42.80% from the company’s previous close. Jefferies Financial Group also issued estimates for Boingo Wireless’ Q2 2019 earnings at ($0.01) EPS, Q1 2020 earnings at ($0.01) EPS, Q2 2020 earnings at $0.02 EPS and Q3 2020 earnings at $0.04 EPS.

WIFI has been the topic of several other reports. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Saturday, October 13th. BidaskClub cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Saturday, November 3rd. Craig Hallum upped their price objective on shares of Boingo Wireless from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Oppenheimer upped their price objective on shares of Boingo Wireless from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, September 21st. Finally, Roth Capital set a $32.00 price objective on shares of Boingo Wireless and gave the stock a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.63.

WIFI stock opened at $24.51 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.06 billion, a P/E ratio of -50.02 and a beta of 0.80. Boingo Wireless has a 1-year low of $20.02 and a 1-year high of $35.98.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $65.25 million for the quarter, compared to analysts’ expectations of $63.32 million. Boingo Wireless had a negative net margin of 1.10% and a negative return on equity of 2.53%. Boingo Wireless’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. As a group, sell-side analysts predict that Boingo Wireless will post -0.13 earnings per share for the current year.

In other Boingo Wireless news, insider Dawn Callahan sold 29,953 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $31.47, for a total transaction of $942,620.91. Following the transaction, the insider now directly owns 4,953 shares in the company, valued at $155,870.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Hovenier sold 9,785 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $33.77, for a total transaction of $330,439.45. Following the transaction, the chief financial officer now owns 28,785 shares in the company, valued at $972,069.45. The disclosure for this sale can be found here. Insiders have sold 183,532 shares of company stock worth $5,863,476 over the last quarter. Company insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ibex Investors LLC bought a new position in Boingo Wireless during the third quarter valued at approximately $222,000. GSA Capital Partners LLP bought a new position in Boingo Wireless during the second quarter valued at approximately $228,000. Bank of Montreal Can grew its position in Boingo Wireless by 557.7% during the second quarter. Bank of Montreal Can now owns 10,529 shares of the technology company’s stock valued at $238,000 after acquiring an additional 8,928 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Boingo Wireless by 38.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 11,916 shares of the technology company’s stock valued at $269,000 after acquiring an additional 3,310 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Boingo Wireless during the third quarter valued at approximately $276,000. Institutional investors and hedge funds own 95.41% of the company’s stock.

About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

See Also: What are the reasons investors use put options?

Analyst Recommendations for Boingo Wireless (NASDAQ:WIFI)

Receive News & Ratings for Boingo Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless and related companies with MarketBeat.com's FREE daily email newsletter.