The stock of Boingo Wireless Inc (NASDAQ:WIFI) is a huge mover today! About 399,150 shares traded hands or 160.72% up from the average. 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.
The move comes after 9 months positive chart setup for the $412.29M company. It was reported on Nov, 4 by Barchart.com. We have $14.83 PT which if reached, will make NASDAQ:WIFI worth $169.04 million more.
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. Boingo Wireless has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, November 4 the stock rating was maintained by Craig Hallum with “Buy”. The firm has “Sell” rating given on Monday, July 11 by BTIG Research. As per Tuesday, September 22, the company rating was upgraded by Zacks. The firm has “Buy” rating by DA Davidson given on Monday, August 10. The firm earned “Buy” rating on Tuesday, July 21 by Craig Hallum. The firm earned “Buy” rating on Monday, June 20 by Lake Street.
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 dived, 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.
J Goldman And Lp reported 540,000 shares or 0.25% of all its holdings. Moreover, Rs Inv Management Ltd Com has 0.04% invested in Boingo Wireless Inc (NASDAQ:WIFI) for 476,440 shares. Nicholas L P has 286,242 shares for 0.18% of their US portfolio. Coe Mngmt Limited Liability accumulated 141,611 shares or 0% of the stock. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Blair William & Il accumulated 162,350 shares or 0.01% of the stock. Manufacturers Life Ins The accumulated 26,678 shares or 0% of the stock. Int Gp last reported 0% of its portfolio in the stock. Schroder Inv Management Group Inc has 22,309 shares for 0% of their US portfolio. Next Century Growth Ltd Liability Corporation holds 0.46% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI) for 1.11M shares. Sarbit Advisory Svcs Inc holds 126,765 shares or 0.22% of its portfolio. Nationwide Fund Advsrs has invested 0% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI). Geode Cap Mgmt Ltd Liability Com has 0% invested in the company for 225,110 shares. Allianz Asset Management Ag holds 0% or 506,922 shares in its portfolio. State Street Corp owns 525,381 shares or 0% of their US portfolio.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 2 insider sales for $157,025 net activity. On Thursday, September 1 Tracey Tom sold $31,650 worth of the stock or 3,750 shares. The insider Callahan Dawn sold $125,375.
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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