Derek Peterson Sells 10,715 Shares of Boingo Wireless Inc (NASDAQ:WIFI) Stock

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.

Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Boingo Wireless by 48.2% during the 2nd quarter. Lindbrook Capital LLC now owns 6,150 shares of the technology company’s stock worth $110,000 after buying an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Boingo Wireless during the 2nd quarter worth $151,000. BNP Paribas Arbitrage SA raised its stake in shares of Boingo Wireless by 25.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,756 shares of the technology company’s stock worth $193,000 after buying an additional 2,216 shares during the last quarter. Mission Wealth Management LP acquired a new position in shares of Boingo Wireless during the 1st quarter worth $240,000. Finally, New Jersey Better Educational Savings Trust raised its stake in shares of Boingo Wireless by 7.7% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 14,000 shares of the technology company’s stock worth $252,000 after buying an additional 1,000 shares during the last quarter.

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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