Boingo Wireless Inc (NASDAQ:WIFI) Director Sells $586,797.80 in Stock

Boingo Wireless Inc (NASDAQ:WIFI) Director David Hagan sold 32,782 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $17.90, for a total value of $586,797.80. Following the completion of the transaction, the director now owns 1,056,229 shares in the company, valued at $18,906,499.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Hagan also recently made the following trade(s):

  • On Thursday, July 18th, David Hagan sold 98,346 shares of Boingo Wireless stock. The shares were sold at an average price of $18.15, for a total value of $1,784,979.90.

NASDAQ:WIFI opened at $17.71 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.89. The stock’s fifty day moving average price is $18.45. Boingo Wireless Inc has a 52 week low of $17.14 and a 52 week high of $35.98. The firm has a market capitalization of $800.09 million, a PE ratio of -590.33 and a beta of 1.06.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Boingo Wireless had a negative return on equity of 2.82% and a negative net margin of 1.21%. The firm had revenue of $66.47 million for the quarter, compared to analyst estimates of $65.74 million. As a group, equities analysts predict that Boingo Wireless Inc will post -0.38 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in WIFI. Falcon Point Capital LLC lifted its position in Boingo Wireless by 1.6% in the second quarter. Falcon Point Capital LLC now owns 174,670 shares of the technology company’s stock valued at $3,139,000 after purchasing an additional 2,717 shares during the period. Handelsbanken Fonder AB increased its holdings in Boingo Wireless by 249.5% in the second quarter. Handelsbanken Fonder AB now owns 1,922,000 shares of the technology company’s stock valued at $34,538,000 after buying an additional 1,372,000 shares in the last quarter. New Jersey Better Educational Savings Trust increased its holdings in Boingo Wireless by 7.7% in the second quarter. New Jersey Better Educational Savings Trust now owns 14,000 shares of the technology company’s stock valued at $252,000 after buying an additional 1,000 shares in the last quarter. KAMES CAPITAL plc increased its holdings in Boingo Wireless by 1,216.6% in the second quarter. KAMES CAPITAL plc now owns 628,321 shares of the technology company’s stock valued at $11,291,000 after buying an additional 580,599 shares in the last quarter. Finally, FMR LLC increased its holdings in Boingo Wireless by 59.6% in the first quarter. FMR LLC now owns 6,308,084 shares of the technology company’s stock valued at $146,853,000 after buying an additional 2,354,550 shares in the last quarter.

A number of research analysts recently commented on WIFI shares. Oppenheimer started coverage on Alcon in a report on Thursday, May 9th. They issued an “outperform” rating and a $69.00 price objective on the stock. Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. William Blair cut The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 28th. Northland Securities started coverage on Boingo Wireless in a report on Monday, April 22nd. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Boingo Wireless has an average rating of “Buy” and a consensus price target of $32.67.

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 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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Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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