News coverage about Boingo Wireless (NASDAQ:WIFI) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boingo Wireless earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.5748152875413 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Boingo Wireless (NASDAQ:WIFI) opened at 20.91 on Tuesday. Boingo Wireless has a 12-month low of $8.59 and a 12-month high of $21.60. The company’s market capitalization is $838.68 million. The company has a 50 day moving average of $18.50 and a 200-day moving average of $15.38.
Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $49 million for the quarter, compared to the consensus estimate of $46.23 million. During the same period in the prior year, the company earned ($0.19) EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that Boingo Wireless will post ($0.64) EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. Craig Hallum upped their price target on shares of Boingo Wireless from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $24.00 price target (up from $18.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price target (up from $17.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. ValuEngine raised shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Ladenburg Thalmann Financial Services upped their price target on shares of Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Boingo Wireless currently has a consensus rating of “Hold” and an average target price of $18.37.
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In other news, CEO David Hagan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $14.55, for a total value of $363,750.00. Following the transaction, the chief executive officer now owns 621,853 shares of the company’s stock, valued at approximately $9,047,961.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Finley sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $19.34, for a total transaction of $145,050.00. Following the completion of the transaction, the director now directly owns 52,998 shares in the company, valued at approximately $1,024,981.32. The disclosure for this sale can be found here. Insiders sold a total of 984,942 shares of company stock worth $15,830,143 in the last ninety days. Insiders own 7.70% of the company’s stock.
About Boingo Wireless
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.
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