Mission Wealth Management LP acquired a new position in shares of Boingo Wireless Inc (NASDAQ:WIFI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,328 shares of the technology company’s stock, valued at approximately $240,000.

Other hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in Boingo Wireless by 75.6% during the 4th quarter. Macquarie Group Ltd. now owns 2,067 shares of the technology company’s stock worth $42,000 after purchasing an additional 890 shares in the last quarter. Fifth Third Bancorp increased its position in Boingo Wireless by 101.3% in the 1st quarter. Fifth Third Bancorp now owns 1,922 shares of the technology company’s stock valued at $45,000 after acquiring an additional 967 shares during the period. Lindbrook Capital LLC acquired a new position in Boingo Wireless in the 1st quarter valued at approximately $96,000. Legal & General Group Plc increased its position in Boingo Wireless by 13.7% in the 4th quarter. Legal & General Group Plc now owns 7,297 shares of the technology company’s stock valued at $150,000 after acquiring an additional 882 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Boingo Wireless in the 1st quarter valued at approximately $169,000.

Shares of NASDAQ WIFI opened at $19.00 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.89. Boingo Wireless Inc has a 52-week low of $17.14 and a 52-week high of $35.98.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Boingo Wireless had a negative net margin of 1.21% and a negative return on equity of 2.82%. The firm had revenue of $66.47 million during the quarter, compared to the consensus estimate of $65.74 million. Sell-side analysts anticipate that Boingo Wireless Inc will post -0.38 EPS for the current year.

In other news, insider Derek Peterson sold 11,628 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $21.77, for a total value of $253,141.56. Following the sale, the insider now directly owns 57,447 shares of the company’s stock, valued at approximately $1,250,621.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Hagan sold 29,364 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $25.36, for a total transaction of $744,671.04. Following the completion of the sale, the director now directly owns 1,103,375 shares in the company, valued at $27,981,590. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,992 shares of company stock worth $1,477,463. Insiders own 3.80% of the company’s stock.

Several brokerages have issued reports on WIFI. BidaskClub upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. William Blair restated an “outperform” rating on shares of Boingo Wireless in a research report on Friday, February 22nd. Northland Securities began coverage on shares of Boingo Wireless in a research report on Monday, April 22nd. They issued a “buy” rating and a $30.00 price target for the company. ValuEngine cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Boingo Wireless has an average rating of “Buy” and an average target price of $32.67.

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Boingo Wireless Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

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Institutional Ownership by Quarter for Boingo Wireless (NASDAQ:WIFI)

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