Somewhat Positive News Coverage Somewhat Unlikely to Affect Boingo Wireless (WIFI) Stock Price

Media headlines about Boingo Wireless (NASDAQ:WIFI) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boingo Wireless earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.6097767638957 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several equities analysts have recently weighed in on WIFI shares. Craig Hallum raised their target price on Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, October 5th. Jefferies Group raised their target price on Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Oppenheimer restated a “buy” rating and issued a $30.00 target price on shares of Boingo Wireless in a research report on Wednesday, November 15th. Finally, BidaskClub upgraded Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Boingo Wireless presently has a consensus rating of “Buy” and an average target price of $23.94.

Boingo Wireless (NASDAQ WIFI) opened at $22.32 on Tuesday. Boingo Wireless has a 1 year low of $10.46 and a 1 year high of $25.99. The company has a market capitalization of $910.55, a P/E ratio of -38.48 and a beta of 0.53. 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 (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. The firm had revenue of $53.66 million for the quarter, compared to the consensus estimate of $50.22 million. During the same quarter last year, the business posted ($0.15) earnings per share. The firm’s revenue was up 31.5% compared to the same quarter last year. analysts forecast that Boingo Wireless will post -0.58 EPS for the current year.

In other Boingo Wireless news, CFO Peter Hovenier sold 10,000 shares of Boingo Wireless stock in a transaction on Friday, November 17th. The stock was sold at an average price of $23.75, for a total value of $237,500.00. Following the sale, the chief financial officer now owns 10,000 shares in the company, valued at $237,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn Callahan sold 25,000 shares of Boingo Wireless stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $25.10, for a total value of $627,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,437 shares of company stock worth $2,317,085. 7.70% of the stock is currently owned by company insiders.

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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.

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

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