Boingo Wireless (NASDAQ:WIFI)‘s stock had its “outperform” rating reissued by Credit Suisse Group in a report released on Wednesday, The Fly reports. They currently have a $32.00 price objective on the technology company’s stock, up from their prior price objective of $27.00. Credit Suisse Group’s target price would suggest a potential upside of 21.72% from the company’s previous close.
Several other brokerages also recently issued reports on WIFI. Oppenheimer increased their price objective on Boingo Wireless and gave the stock an “outperform” rating in a research note on Friday, November 3rd. BidaskClub downgraded Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Roth Capital initiated coverage on Boingo Wireless in a research note on Wednesday, January 17th. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research downgraded Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, Jefferies Group raised their price target on Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Boingo Wireless has an average rating of “Buy” and an average target price of $27.17.
Shares of Boingo Wireless (WIFI) opened at $26.29 on Wednesday. The stock has a market capitalization of $1,066.39, a PE ratio of -45.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. Boingo Wireless has a one year low of $10.46 and a one year high of $26.93.
Several institutional investors and hedge funds have recently bought and sold shares of WIFI. Wells Fargo & Company MN raised its stake in shares of Boingo Wireless by 17.1% during the 2nd quarter. Wells Fargo & Company MN now owns 44,623 shares of the technology company’s stock worth $668,000 after purchasing an additional 6,504 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Boingo Wireless by 79.9% during the 2nd quarter. Alliancebernstein L.P. now owns 47,500 shares of the technology company’s stock valued at $711,000 after acquiring an additional 21,100 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Boingo Wireless during the 2nd quarter valued at about $1,815,000. Northern Trust Corp increased its holdings in shares of Boingo Wireless by 4.4% during the 2nd quarter. Northern Trust Corp now owns 437,087 shares of the technology company’s stock valued at $6,539,000 after acquiring an additional 18,228 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Boingo Wireless by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after acquiring an additional 326,791 shares during the last quarter. 92.07% of the stock is owned by institutional investors.
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Boingo Wireless Company Profile
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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