Oppenheimer Holdings Inc. restated their outperform rating on shares of Boingo Wireless Inc (NASDAQ:WIFI) in a research note released on Friday morning. Oppenheimer Holdings Inc. currently has a $15.00 price objective on the stock.
A number of other brokerages have also recently issued reports on WIFI. BTIG Research reaffirmed a sell rating and issued a $6.85 price objective on shares of Boingo Wireless in a research note on Thursday, January 5th. Zacks Investment Research raised shares of Boingo Wireless from a sell rating to a hold rating in a research note on Saturday, January 7th. Lake Street Capital reaffirmed a buy rating and issued a $14.00 price objective (up previously from $12.00) on shares of Boingo Wireless in a research note on Wednesday, March 8th. Finally, Jefferies Group LLC upped their price objective on shares of Boingo Wireless from $13.00 to $14.00 and gave the company a buy rating in a research note on Wednesday, March 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $12.14.
Shares of Boingo Wireless (NASDAQ:WIFI) opened at 12.22 on Friday. Boingo Wireless has a 12-month low of $6.56 and a 12-month high of $12.95. The firm’s market capitalization is $471.23 million. The firm has a 50-day moving average of $11.49 and a 200-day moving average of $11.01.
Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Tuesday, March 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.11). Boingo Wireless had a negative net margin of 17.38% and a negative return on equity of 25.35%. The company earned $44.97 million during the quarter, compared to analysts’ expectations of $45.83 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Equities analysts anticipate that Boingo Wireless will post ($0.59) earnings per share for the current year.
A number of large investors have recently bought and sold shares of WIFI. Russell Investments Group Ltd. purchased a new stake in Boingo Wireless during the fourth quarter worth approximately $7,463,000. Croft Leominster Inc. bought a new position in shares of Boingo Wireless during the third quarter valued at approximately $287,000. Timpani Capital Management LLC raised its position in shares of Boingo Wireless by 8.1% in the third quarter. Timpani Capital Management LLC now owns 208,700 shares of the company’s stock valued at $2,145,000 after buying an additional 15,703 shares during the period. 1492 Capital Management LLC raised its position in shares of Boingo Wireless by 14.2% in the third quarter. 1492 Capital Management LLC now owns 369,340 shares of the company’s stock valued at $3,797,000 after buying an additional 45,909 shares during the period. Finally, Spark Investment Management LLC raised its position in shares of Boingo Wireless by 577.2% in the third quarter. Spark Investment Management LLC now owns 117,100 shares of the company’s stock valued at $1,203,000 after buying an additional 99,809 shares during the period. Institutional investors own 87.62% of the company’s stock.
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 for carriers. 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 segment.