Boingo Wireless (NASDAQ:WIFI) had its price target increased by Jefferies Group to $32.00 in a research report released on Wednesday. They currently have a buy rating on the technology company’s stock.
WIFI has been the subject of a number of other research reports. Credit Suisse Group boosted their price objective on Boingo Wireless from $24.00 to $26.00 and gave the company an outperform rating in a research note on Friday, November 3rd. Craig Hallum boosted their price objective on Boingo Wireless from $24.00 to $28.00 and gave the company a buy rating in a research note on Friday, November 3rd. 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. BidaskClub cut Boingo Wireless from a hold rating to a sell rating in a research note on Thursday, January 4th. Finally, Oppenheimer reiterated a buy rating and issued a $30.00 price objective on shares of Boingo Wireless in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $27.72.
Shares of Boingo Wireless (NASDAQ WIFI) traded up $0.18 during midday trading on Wednesday, reaching $26.47. The company’s stock had a trading volume of 1,071,700 shares, compared to its average volume of 422,190. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 0.50. Boingo Wireless has a one year low of $10.46 and a one year high of $27.84. The stock has a market capitalization of $1,072.51, a PE ratio of -45.64 and a beta of 0.57.
Several institutional investors have recently added to or reduced their stakes in WIFI. Great West Life Assurance Co. Can purchased a new stake in shares of Boingo Wireless during the third quarter worth approximately $114,000. Royal Bank of Canada raised its stake in shares of Boingo Wireless by 1.3% during the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after purchasing an additional 135 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Boingo Wireless by 781.9% during the fourth quarter. Advisor Group Inc. now owns 8,078 shares of the technology company’s stock worth $181,000 after purchasing an additional 7,162 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless during the fourth quarter worth approximately $203,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Boingo Wireless during the third quarter worth approximately $229,000. Institutional investors and hedge funds own 92.07% 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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