Analysts expect that Boingo Wireless Inc (NASDAQ:WIFI) will report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Boingo Wireless’ earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.15). Boingo Wireless also posted earnings of ($0.11) per share in the same quarter last year. The firm is expected to announce its next earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Boingo Wireless will report full year earnings of ($0.57) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.53). For the next year, analysts expect that the company will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.50) to ($0.31). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Boingo Wireless.
Several research analysts have recently commented on the company. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Roth Capital assumed coverage on Boingo Wireless in a research note on Wednesday, January 17th. They issued a “buy” rating and a $29.00 price objective on the stock. Craig Hallum raised their price objective on Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Credit Suisse Group raised their price objective on Boingo Wireless from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Boingo Wireless in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.50.
In related news, CEO David Hagan sold 19,833 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $23.00, for a total transaction of $456,159.00. Following the completion of the sale, the chief executive officer now owns 606,186 shares in the company, valued at $13,942,278. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn Callahan sold 25,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was 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. Insiders have sold 220,103 shares of company stock valued at $5,053,480 in the last quarter. 7.70% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of 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 purchasing an additional 135 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Boingo Wireless by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,153 shares of the technology company’s stock valued at $452,000 after buying an additional 1,178 shares in the last quarter. Aperio Group LLC grew its holdings in Boingo Wireless by 21.4% during the 3rd quarter. Aperio Group LLC now owns 13,306 shares of the technology company’s stock valued at $284,000 after buying an additional 2,342 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Boingo Wireless by 7.4% during the 4th quarter. Alliancebernstein L.P. now owns 52,300 shares of the technology company’s stock valued at $1,177,000 after buying an additional 3,600 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Boingo Wireless by 7.1% during the 4th quarter. Swiss National Bank now owns 61,550 shares of the technology company’s stock valued at $1,385,000 after buying an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.
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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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