The stock of Boingo Wireless Inc (NASDAQ:WIFI) hit a new 52-week high and has $15.05 target or 47.00% above today’s $10.24 share price. The 6 months bullish chart indicates low risk for the $401.32 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $15.05 price target is reached, the company will be worth $188.62M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 147,385 shares traded hands. Boingo Wireless Inc (NASDAQ:WIFI) has risen 22.32% since April 4, 2016 and is uptrending. It has outperformed by 21.23% the S&P500.
Boingo Wireless Inc (NASDAQ:WIFI) Ratings Coverage
Out of 6 analysts covering Boingo Wireless (NASDAQ:WIFI), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $15 is the highest target while $6.85 is the lowest. The $11.37 average target is 11.04% above today’s ($10.24) stock price. Boingo Wireless has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Boingo Wireless Inc (NASDAQ:WIFI) earned “Sell” rating by BTIG Research on Monday, July 11. The firm has “Buy” rating by Craig Hallum given on Friday, November 4. The firm earned “Buy” rating on Monday, June 20 by Lake Street. Craig Hallum initiated the shares of WIFI in a report on Tuesday, July 21 with “Buy” rating. The stock has “Hold” rating given by Zacks on Tuesday, September 22. DA Davidson maintained Boingo Wireless Inc (NASDAQ:WIFI) rating on Monday, August 10. DA Davidson has “Buy” rating and $14.0 price target.
According to Zacks Investment Research, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafÃ©s and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.66, from 1.66 in 2016Q1. The ratio dropped, as 15 funds sold all Boingo Wireless Inc shares owned while 31 reduced positions. 9 funds bought stakes while 37 increased positions. They now own 29.97 million shares or 12.07% less from 34.08 million shares in 2016Q1.
Timpani Cap Mgmt Limited Com last reported 0.73% of its portfolio in the stock. Cornerstone Capital Mgmt Ltd Co reported 184,435 shares or 0.01% of all its holdings. Blackrock Gru has 8,518 shares for 0% of their US portfolio. Morgan Stanley reported 13,817 shares or 0% of all its holdings. Northpointe Limited Com holds 0.35% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI) for 331,920 shares. Royal Bancorp Of Canada holds 0% or 10,300 shares in its portfolio. Jpmorgan Chase And, a New York-based fund reported 6,442 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 25,200 shares. Granite Invest Partners Ltd Liability Com accumulated 248,879 shares or 0.17% of the stock. Columbia Wanger Asset Management Ltd Liability Corporation last reported 0.29% of its portfolio in the stock. Barclays Pcl holds 0% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI) for 7,570 shares. Next Century Growth Llc reported 1.11M shares or 0.46% of all its holdings. Blackrock Advsrs Limited Liability Com has 18,778 shares for 0% of their US portfolio. Rhumbline Advisers owns 38,831 shares or 0% of their US portfolio. Nationwide Fund Advsr holds 0% or 28,329 shares in its portfolio.
Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 2 sales for $157,025 net activity. Tracey Tom sold $31,650 worth of stock or 3,750 shares. Callahan Dawn sold $125,375 worth of stock or 12,500 shares.
More news for Boingo Wireless Inc (NASDAQ:WIFI) were recently published by: Marketwatch.com, which released: “Boingo Wireless started at sell with $6.85 stock price target at BTIG” on February 08, 2011. Quotes.Wsj.com‘s article titled: “News Boingo Wireless Inc.WIFI” and published on April 29, 2011 is yet another important article.
WIFI Company Profile
Boingo Wireless, Inc., incorporated on April 16, 2001, is a well-known provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Firm operates as a service well-known 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. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices. The Company’s wireless networks include DAS, femto-cell, and Wi-Fi networks that it manages and operates, which it refers to as managed and operated locations, as well as Wi-Fi networks managed and operated by third-parties with whom it contract for access (roaming networks). The Company’s managed and operated locations are typically located in large venues with big audiences, such as airports, stadiums, arenas, military bases, universities, big box retailers, convention centers and office buildings. It installs wireless network infrastructure in these locations, which generally have exclusive multi-year agreements, and then monetize these networks in a number of ways. It also sells advertising on other Wi-Fi networks that are not part of its network on behalf of the network owner. The Company’s services include DAS or Femto-Cell, Wholesale-Wi-Fi, Retail, Military and Advertising.
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