Price Action Alert: Time to Buy Boingo Wireless Inc After Today’s Big Decline?

Price Action Alert: Time to Buy Boingo Wireless Inc After Today's Big Decline?

The stock of Boingo Wireless Inc (NASDAQ:WIFI) is a huge mover today! The stock decreased 2.82% or $0.29 during the last trading session, hitting $9.99. About 177,713 shares traded hands or 0.22% up from the average. Boingo Wireless Inc (NASDAQ:WIFI) has risen 41.30% since March 1, 2016 and is uptrending. It has outperformed by 29.09% the S&P500.
The move comes after 6 months negative chart setup for the $389.50 million company. It was reported on Oct, 4 by We have $8.79 PT which if reached, will make NASDAQ:WIFI worth $46.74 million less.

Analysts await Boingo Wireless Inc (NASDAQ:WIFI) to report earnings on November, 3. They expect $-0.17 earnings per share, down 30.77% or $0.04 from last year’s $-0.13 per share. After $-0.19 actual earnings per share reported by Boingo Wireless Inc for the previous quarter, Wall Street now forecasts -10.53% EPS growth.

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 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by DA Davidson with “Buy” on Monday, August 10. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”. BTIG Research initiated the stock with “Sell” rating in Monday, July 11 report. The rating was initiated by Lake Street on Monday, June 20 with “Buy”. On Tuesday, July 21 the stock rating was initiated by Craig Hallum with “Buy”.

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, cafés 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 Q2 2016. 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.
Columbia Wanger Asset Mngmt Ltd accumulated 0.29% or 2.80M shares. Finemark Bancorp & Tru accumulated 0% or 250 shares. Allianz Asset Management Ag owns 506,922 shares or 0% of their US portfolio. Paw Cap Corp has 3.06% invested in the company for 300,000 shares. Gilder Gagnon Howe & Co Ltd Co has 0.45% invested in the company for 2.52 million shares. Invesco Ltd holds 50,126 shares or 0% of its portfolio. The New York-based Tiaa Cref Inv Mngmt Ltd Company has invested 0% in Boingo Wireless Inc (NASDAQ:WIFI). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Blackrock Investment Ltd Liability has invested 0% of its portfolio in Boingo Wireless Inc (NASDAQ:WIFI). Voya Inv Mgmt Limited Com has 0% invested in the company for 18,949 shares. California Public Employees Retirement System reported 12,900 shares or 0% of all its holdings. Jpmorgan Chase And Company last reported 0% of its portfolio in the stock. Schwab Charles Mgmt holds 0% or 51,500 shares in its portfolio. Goldman Sachs Gp holds 0% or 39,077 shares in its portfolio. Royal Financial Bank Of Canada last reported 0% of its portfolio in the stock.

Insider Transactions: Since April 11, 2016, the stock had 0 insider purchases, and 3 sales for $327,200 net activity. 3,750 shares were sold by Tracey Tom, worth $31,650 on Thursday, September 1. 35,000 shares with value of $267,050 were sold by Hagan David on Monday, April 18.

More news for Boingo Wireless Inc (NASDAQ:WIFI) were recently published by:, which released: “Boingo Wireless started at sell with $6.85 stock price target at BTIG” on February 08, 2011.‘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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment