Boingo Wireless, Inc. (NASDAQ:WIFI) CFO Peter Hovenier sold 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $20.19, for a total value of $504,750.00. Following the transaction, the chief financial officer now owns 8,551 shares of the company’s stock, valued at $172,644.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Peter Hovenier also recently made the following trade(s):
- On Tuesday, August 29th, Peter Hovenier sold 35,233 shares of Boingo Wireless stock. The stock was sold at an average price of $20.27, for a total value of $714,172.91.
- On Thursday, June 1st, Peter Hovenier sold 33,349 shares of Boingo Wireless stock. The shares were sold at an average price of $16.27, for a total value of $542,588.23.
Boingo Wireless, Inc. (NASDAQ:WIFI) traded up 1.18% during mid-day trading on Friday, reaching $21.39. The company’s stock had a trading volume of 601,467 shares. The company’s market cap is $857.93 million. Boingo Wireless, Inc. has a 12-month low of $9.00 and a 12-month high of $22.00. The firm’s 50 day moving average is $19.24 and its 200-day moving average is $15.64.
Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). Boingo Wireless had a negative return on equity of 25.82% and a negative net margin of 13.85%. The business had revenue of $49.00 million for the quarter, compared to analyst estimates of $46.23 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts anticipate that Boingo Wireless, Inc. will post ($0.64) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: Boingo Wireless, Inc. (NASDAQ:WIFI) CFO Sells 25,000 Shares of Stock” was first posted by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/peter-hovenier-sells-25000-shares-of-boingo-wireless-inc-wifi-stock/1566227.html.
A number of equities research analysts have issued reports on the company. Craig Hallum boosted their price target on Boingo Wireless from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 price objective (up from $18.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price objective (up from $17.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Ladenburg Thalmann Financial Services lifted their price objective on Boingo Wireless from $16.85 to $18.50 and gave the company a “buy” rating in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.37.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in shares of Boingo Wireless by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock worth $137,000 after acquiring an additional 341 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of Boingo Wireless in the 1st quarter worth approximately $134,000. Royal Bank of Canada grew its holdings in shares of Boingo Wireless by 1.3% in the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after acquiring an additional 135 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Boingo Wireless in the 1st quarter worth approximately $136,000. Finally, American Century Companies Inc. acquired a new stake in shares of Boingo Wireless in the 2nd quarter worth approximately $164,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
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.
Receive News & Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related companies with our FREE daily email newsletter.