Boingo Wireless Inc (NASDAQ:WIFI) CTO Derek Peterson sold 10,715 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $14.02, for a total transaction of $150,224.30. Following the transaction, the chief technology officer now owns 48,911 shares in the company, valued at $685,732.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:WIFI traded down $0.18 during midday trading on Monday, hitting $13.53. 334,613 shares of the stock were exchanged, compared to its average volume of 618,353. The stock has a market cap of $615.35 million, a P/E ratio of -451.00 and a beta of 1.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.88. Boingo Wireless Inc has a twelve month low of $10.83 and a twelve month high of $35.67. The company has a 50 day moving average price of $12.98 and a 200-day moving average price of $18.96.
A number of equities research analysts have commented on WIFI shares. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Saturday, August 3rd. BidaskClub downgraded Boingo Wireless from a “sell” rating to a “strong sell” rating in a report on Saturday, June 29th. Northland Securities reissued a “buy” rating on shares of Boingo Wireless in a report on Friday, August 2nd. ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Craig Hallum reduced their target price on Boingo Wireless from $29.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Boingo Wireless has a consensus rating of “Buy” and a consensus target price of $29.67.
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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