Peter Hovenier Sells 5,000 Shares of Boingo Wireless Inc (NASDAQ:WIFI) Stock

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Boingo Wireless Inc (NASDAQ:WIFI) CFO Peter Hovenier sold 5,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $17.80, for a total value of $89,000.00. Following the completion of the sale, the chief financial officer now owns 380,723 shares in the company, valued at $6,776,869.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peter Hovenier also recently made the following trade(s):

  • On Wednesday, May 1st, Peter Hovenier sold 5,000 shares of Boingo Wireless stock. The shares were sold at an average price of $22.72, for a total value of $113,600.00.

Shares of WIFI stock opened at $18.19 on Friday. The business’s fifty day simple moving average is $18.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $800.09 million, a PE ratio of -606.33 and a beta of 1.06. Boingo Wireless Inc has a 52 week low of $17.14 and a 52 week high of $35.98.

Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Boingo Wireless had a negative return on equity of 2.82% and a negative net margin of 1.21%. The business had revenue of $66.47 million for the quarter, compared to the consensus estimate of $65.74 million. Equities research analysts forecast that Boingo Wireless Inc will post -0.38 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its stake in shares of Boingo Wireless by 59.6% during the first quarter. FMR LLC now owns 6,308,084 shares of the technology company’s stock valued at $146,853,000 after acquiring an additional 2,354,550 shares during the period. BlackRock Inc. lifted its stake in shares of Boingo Wireless by 3.5% during the fourth quarter. BlackRock Inc. now owns 3,384,070 shares of the technology company’s stock valued at $69,608,000 after acquiring an additional 114,768 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Boingo Wireless by 62.8% during the first quarter. Victory Capital Management Inc. now owns 1,958,950 shares of the technology company’s stock valued at $45,604,000 after acquiring an additional 755,715 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Boingo Wireless by 249.5% during the second quarter. Handelsbanken Fonder AB now owns 1,922,000 shares of the technology company’s stock valued at $34,538,000 after acquiring an additional 1,372,000 shares during the period. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Boingo Wireless by 12.3% during the first quarter. Rice Hall James & Associates LLC now owns 1,466,910 shares of the technology company’s stock valued at $34,150,000 after acquiring an additional 160,850 shares during the period.

A number of brokerages have weighed in on WIFI. Craig Hallum lowered their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. William Blair cut The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 28th. Finally, Oppenheimer initiated coverage on Alcon in a report on Thursday, May 9th. They set an “outperform” rating and a $69.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Boingo Wireless presently has a consensus rating of “Buy” and a consensus price target of $32.67.

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.

Further Reading: Understanding Market Liquidity

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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