Media headlines about Boingo Wireless (NASDAQ:WIFI) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boingo Wireless earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.292914651606 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have recently commented on WIFI. Roth Capital began coverage on shares of Boingo Wireless in a research note on Wednesday. They set a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research downgraded shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. BidaskClub downgraded shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Oppenheimer restated a “buy” rating and set a $30.00 price objective on shares of Boingo Wireless in a research note on Wednesday, November 15th. Finally, Jefferies Group increased their price objective on shares of Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.50.
Shares of Boingo Wireless (NASDAQ WIFI) opened at $22.56 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09. The stock has a market cap of $876.69, a PE ratio of -38.90 and a beta of 0.53. Boingo Wireless has a fifty-two week low of $10.46 and a fifty-two week high of $25.99.
Boingo Wireless (NASDAQ:WIFI) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. The company had revenue of $53.66 million for the quarter, compared to analysts’ expectations of $50.22 million. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. Boingo Wireless’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) EPS. analysts predict that Boingo Wireless will post -0.58 earnings per share for the current year.
In other Boingo Wireless news, CFO Peter Hovenier sold 25,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $23.12, for a total value of $578,000.00. Following the transaction, the chief financial officer now directly owns 6,029 shares of the company’s stock, valued at approximately $139,390.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dawn Callahan sold 11,437 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $22.85, for a total transaction of $261,335.45. Following the completion of the transaction, the insider now directly owns 11,370 shares in the company, valued at $259,804.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,437 shares of company stock worth $2,317,085. Insiders own 7.70% of the company’s stock.
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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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