Boingo Wireless Inc (WIFI) Receives $13.01 Average Target Price from Analysts

Boingo Wireless Inc (NASDAQ:WIFI) has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.01.

Several equities analysts have recently issued reports on WIFI shares. BTIG Research reaffirmed a “sell” rating and set a $6.85 price target on shares of Boingo Wireless in a research note on Thursday, January 5th. Jefferies Group LLC lifted their target price on shares of Boingo Wireless from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $15.00 target price on shares of Boingo Wireless in a research note on Friday, March 10th. Zacks Investment Research raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. 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.

Boingo Wireless (NASDAQ:WIFI) traded down 0.07% on Tuesday, hitting $14.03. 213,367 shares of the stock were exchanged. Boingo Wireless has a 1-year low of $6.56 and a 1-year high of $14.29. The company has a 50-day moving average price of $12.69 and a 200 day moving average price of $11.73. The company’s market capitalization is $542.22 million.



Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Tuesday, March 7th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The firm earned $44.97 million during the quarter, compared to the consensus estimate of $45.83 million. Boingo Wireless had a negative net margin of 17.38% and a negative return on equity of 25.35%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) earnings per share. Analysts anticipate that Boingo Wireless will post ($0.67) EPS for the current fiscal year.

WARNING: “Boingo Wireless Inc (WIFI) Receives $13.01 Average Target Price from Analysts” was first posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2017/04/21/boingo-wireless-inc-wifi-receives-13-01-average-target-price-from-analysts.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Reliance Trust Co. of Delaware boosted 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. Croft Leominster Inc. acquired a new position in shares of Boingo Wireless during the third quarter worth about $287,000. Schroder Investment Management Group boosted its position in Boingo Wireless by 29.3% in the third quarter. Schroder Investment Management Group now owns 28,835 shares of the technology company’s stock valued at $296,000 after buying an additional 6,526 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Boingo Wireless by 14.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,544 shares of the technology company’s stock valued at $311,000 after buying an additional 3,295 shares during the period. Finally, Tudor Investment Corp Et Al boosted its position in Boingo Wireless by 17.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 31,669 shares of the technology company’s stock valued at $386,000 after buying an additional 4,722 shares during the period. Hedge funds and other institutional investors own 87.62% 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.

5 Day Chart for NASDAQ:WIFI

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply