Boingo Wireless, Inc. (NASDAQ:WIFI) VP Tom Tracey sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $16.87, for a total transaction of $168,700.00. Following the transaction, the vice president now directly owns 40,022 shares in the company, valued at $675,171.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Tom Tracey also recently made the following trade(s):
- On Friday, June 9th, Tom Tracey sold 10,000 shares of Boingo Wireless stock. The stock was sold at an average price of $16.68, for a total transaction of $166,800.00.
- On Monday, May 15th, Tom Tracey sold 25,000 shares of Boingo Wireless stock. The stock was sold at an average price of $15.75, for a total transaction of $393,750.00.
Shares of Boingo Wireless, Inc. (WIFI) traded down 1.13% on Tuesday, hitting $15.77. 48,941 shares of the stock were exchanged. Boingo Wireless, Inc. has a 12 month low of $8.10 and a 12 month high of $17.10. The company has a 50-day moving average price of $15.78 and a 200 day moving average price of $13.24. The company’s market cap is $614.78 million.
Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Thursday, May 4th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.03. The firm had revenue of $44.30 million during the quarter, compared to analyst estimates of $41.25 million. Boingo Wireless had a negative net margin of 14.32% and a negative return on equity of 24.60%. The business’s revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) earnings per share. Equities analysts forecast that Boingo Wireless, Inc. will post ($0.65) EPS for the current fiscal year.
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A number of brokerages have weighed in on WIFI. ValuEngine upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Ladenburg Thalmann Financial Services lifted their price target on shares of Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a report on Thursday, May 25th. Credit Suisse Group lifted their price target on shares of Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Benchmark Co. started coverage on shares of Boingo Wireless in a report on Tuesday, April 25th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Lake Street Capital reissued a “buy” rating and set a $14.00 target price (up previously from $12.00) on shares of Boingo Wireless in a research note on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.59.
A number of hedge funds have recently added to or reduced their stakes in WIFI. Stifel Financial Corp raised its stake in Boingo Wireless by 3.7% in the first quarter. Stifel Financial Corp now owns 15,778 shares of the technology company’s stock worth $205,000 after buying an additional 559 shares during the period. Teachers Advisors LLC increased its position in shares of Boingo Wireless by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 94,267 shares of the technology company’s stock worth $1,149,000 after buying an additional 673 shares in the last quarter. Reliance Trust Co. of Delaware increased its position in shares of Boingo Wireless by 9.6% in the first quarter. Reliance Trust Co. of Delaware now owns 11,339 shares of the technology company’s stock worth $147,000 after buying an additional 990 shares in the last quarter. Blair William & Co. IL increased its position in shares of Boingo Wireless by 1.1% in the first quarter. Blair William & Co. IL now owns 92,375 shares of the technology company’s stock worth $1,008,000 after buying an additional 1,000 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Boingo Wireless by 4.8% in the first quarter. Alliancebernstein L.P. now owns 26,400 shares of the technology company’s stock worth $343,000 after buying an additional 1,200 shares in the last quarter. 88.89% of the stock is owned by institutional investors.
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.
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