Boingo Wireless Inc (NASDAQ:WIFI) insider Derek Peterson sold 23,853 shares of Boingo Wireless stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $28.01, for a total transaction of $668,122.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Boingo Wireless Inc (NASDAQ:WIFI) opened at $27.33 on Tuesday. The firm has a market cap of $1,110.00, a PE ratio of -55.78 and a beta of 0.49. 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 Inc has a 12 month low of $10.92 and a 12 month high of $28.34.
Several analysts have commented on WIFI shares. William Blair reaffirmed an “outperform” rating on shares of Boingo Wireless in a research report on Monday. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, March 8th. Northland Securities reiterated a “buy” rating on shares of Boingo Wireless in a research note on Thursday, March 1st. BidaskClub downgraded shares of 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 target price on shares of Boingo Wireless in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Boingo Wireless currently has an average rating of “Buy” and a consensus target price of $28.39.
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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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