Boingo Wireless Inc (NASDAQ:WIFI) has received an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.19.
A number of equities analysts have weighed in on WIFI shares. Oppenheimer restated a “buy” rating and set a $30.00 price objective on shares of Boingo Wireless in a research report on Wednesday, November 15th. BidaskClub cut shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Roth Capital initiated coverage on shares of Boingo Wireless in a research report on Wednesday, January 17th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Craig Hallum increased their target price on shares of Boingo Wireless from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.
Boingo Wireless (NASDAQ WIFI) traded down $0.50 during trading hours on Friday, reaching $27.64. 284,991 shares of the company’s stock were exchanged, compared to its average volume of 463,228. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $1,133.10, a PE ratio of -56.41 and a beta of 0.49. Boingo Wireless has a 52 week low of $10.92 and a 52 week high of $28.34.
A number of hedge funds have recently made changes to their positions in WIFI. Great West Life Assurance Co. Can purchased a new position in Boingo Wireless during the third quarter worth about $114,000. Royal Bank of Canada boosted its stake in 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 buying an additional 135 shares during the period. Advisor Group Inc. boosted its stake in 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 buying an additional 7,162 shares during the period. UBS Asset Management Americas Inc. purchased a new position in Boingo Wireless during the fourth quarter worth about $203,000. Finally, First Republic Investment Management Inc. purchased a new position in Boingo Wireless during the third quarter worth about $229,000. 92.32% 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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