Media headlines about Boingo Wireless (NASDAQ:WIFI) have been trending somewhat positive on Friday, according to Alpha One. The research group, a unit of Accern, scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boingo Wireless earned a news sentiment score of 0.06 on Alpha One’s scale. Alpha One also gave media stories about the technology company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s rankings:
- Boingo Honored with 2017 Leading Lights Award for Outstanding Transformation Strategy (finance.yahoo.com)
- Tom Tracey Sells 25,000 Shares of Boingo Wireless Inc (WIFI) Stock (americanbankingnews.com)
- Boingo Wireless Inc (WIFI) Short Interest Update (americanbankingnews.com)
- Boingo Wireless Inc (WIFI) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
A number of equities analysts have weighed in on the stock. Craig Hallum upped their price objective on shares of Boingo Wireless from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group AG reaffirmed a “buy” rating and set a $16.00 price target on shares of Boingo Wireless in a research report on Tuesday, April 18th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 price target on shares of Boingo Wireless in a research report on Friday, March 10th. Jefferies Group LLC increased their price target on shares of Boingo Wireless from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Finally, Benchmark Co. initiated coverage on shares of Boingo Wireless in a research report on Tuesday, April 25th. They set a “buy” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $13.90.
Shares of Boingo Wireless (NASDAQ:WIFI) traded up 1.55% during trading on Friday, reaching $15.75. 149,339 shares of the company’s stock were exchanged. Boingo Wireless has a 52-week low of $6.79 and a 52-week high of $16.58. The company’s market capitalization is $614.00 million. The company has a 50 day moving average price of $14.24 and a 200-day moving average price of $12.46.
Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. Boingo Wireless had a negative net margin of 17.38% and a negative return on equity of 25.35%. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. The business’s revenue was up 28.4% compared to the same quarter last year. On average, equities analysts forecast that Boingo Wireless will post ($0.65) earnings per share for the current year.
In other news, CEO David Hagan sold 75,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $16.04, for a total transaction of $1,203,000.00. Following the transaction, the chief executive officer now owns 621,853 shares in the company, valued at approximately $9,974,522.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Tom Tracey sold 25,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $15.75, for a total transaction of $393,750.00. Following the transaction, the vice president now owns 67,316 shares in the company, valued at approximately $1,060,227. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 271,505 shares of company stock worth $4,328,305. Insiders own 7.50% 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. 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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