Boingo Wireless Inc (NASDAQ:WIFI) CEO David Hagan sold 19,833 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $33.43, for a total value of $663,017.19. Following the completion of the sale, the chief executive officer now directly owns 546,981 shares of the company’s stock, valued at approximately $18,285,574.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, September 13th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $33.28, for a total value of $1,980,160.00.
  • On Tuesday, August 14th, David Hagan sold 19,833 shares of Boingo Wireless stock. The shares were sold at an average price of $30.96, for a total value of $614,029.68.
  • On Thursday, August 16th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $31.01, for a total value of $1,845,095.00.
  • On Friday, July 13th, David Hagan sold 19,833 shares of Boingo Wireless stock. The shares were sold at an average price of $23.74, for a total value of $470,835.42.
  • On Monday, July 16th, David Hagan sold 59,500 shares of Boingo Wireless stock. The shares were sold at an average price of $23.44, for a total value of $1,394,680.00.

Shares of WIFI opened at $33.88 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07. Boingo Wireless Inc has a 12 month low of $20.02 and a 12 month high of $35.98. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -69.14 and a beta of 0.60.

Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Wednesday, August 1st. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.19. Boingo Wireless had a negative return on equity of 5.51% and a negative net margin of 2.44%. The business had revenue of $59.60 million for the quarter, compared to the consensus estimate of $56.52 million. During the same period last year, the business posted ($0.20) EPS. The company’s revenue was up 21.6% compared to the same quarter last year. On average, equities research analysts expect that Boingo Wireless Inc will post -0.21 earnings per share for the current year.

WIFI has been the subject of a number of recent analyst reports. BidaskClub lowered Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. CIBC upped their price target on Boingo Wireless from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Thursday, September 13th. Jefferies Financial Group upped their target price on Boingo Wireless from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Finally, Craig Hallum upped their target price on Boingo Wireless from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Nine investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Boingo Wireless currently has a consensus rating of “Buy” and an average price target of $35.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIFI. State Board of Administration of Florida Retirement System bought a new position in shares of Boingo Wireless during the 1st quarter valued at $213,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Boingo Wireless by 7.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 207,494 shares of the technology company’s stock valued at $5,140,000 after buying an additional 15,144 shares during the period. EULAV Asset Management bought a new position in shares of Boingo Wireless during the 1st quarter valued at $485,000. Northern Trust Corp lifted its holdings in shares of Boingo Wireless by 4.1% during the 1st quarter. Northern Trust Corp now owns 496,834 shares of the technology company’s stock valued at $12,306,000 after buying an additional 19,356 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Boingo Wireless by 26.3% during the 1st quarter. JPMorgan Chase & Co. now owns 97,487 shares of the technology company’s stock valued at $2,415,000 after buying an additional 20,298 shares during the period. 95.69% of the stock is currently owned by hedge funds and other institutional investors.

Boingo Wireless Company Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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