Craig Hallum reissued their buy rating on shares of Boingo Wireless (NASDAQ:WIFI) in a report released on Wednesday morning, The Fly reports. The firm currently has a $18.00 price target on the technology company’s stock, down from their prior price target of $22.00.

WIFI has been the topic of a number of other reports. William Blair restated a buy rating on shares of Boingo Wireless in a research note on Friday, October 11th. ValuEngine raised shares of Boingo Wireless from a sell rating to a hold rating in a report on Friday, August 2nd. Zacks Investment Research cut shares of Boingo Wireless from a strong-buy rating to a hold rating and set a $11.00 price target for the company. in a report on Saturday, October 5th. Oppenheimer decreased their price target on shares of Boingo Wireless to $23.00 and set an outperform rating for the company in a report on Friday, August 2nd. Finally, Credit Suisse Group set a $28.00 price target on shares of Boingo Wireless and gave the stock a buy rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $24.17.

Shares of WIFI stock traded down $0.16 during trading hours on Wednesday, hitting $12.36. The company had a trading volume of 772,100 shares, compared to its average volume of 643,860. The firm’s fifty day moving average is $10.32 and its 200 day moving average is $15.55. The firm has a market capitalization of $427.88 million, a price-to-earnings ratio of -412.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.00 and a current ratio of 1.00. Boingo Wireless has a 12 month low of $8.85 and a 12 month high of $26.67.

In other Boingo Wireless news, CEO Michael Finley bought 10,000 shares of Boingo Wireless stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $11.00 per share, with a total value of $110,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 61,873 shares in the company, valued at approximately $680,603. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Derek Peterson sold 10,715 shares of the firm’s stock in a transaction 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 directly owns 48,911 shares of the company’s stock, valued at approximately $685,732.22. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Boingo Wireless by 122.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,986 shares of the technology company’s stock worth $66,000 after buying an additional 3,300 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Boingo Wireless by 48.2% in the second quarter. Lindbrook Capital LLC now owns 6,150 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,000 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Boingo Wireless by 44.1% in the third quarter. Tower Research Capital LLC TRC now owns 12,104 shares of the technology company’s stock worth $134,000 after acquiring an additional 3,704 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Boingo Wireless in the second quarter worth $151,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Boingo Wireless by 25.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,756 shares of the technology company’s stock worth $193,000 after acquiring an additional 2,216 shares during the period.

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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Analyst Recommendations for Boingo Wireless (NASDAQ:WIFI)

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