Media coverage about Boingo Wireless (NASDAQ:WIFI) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boingo Wireless earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.0986411178713 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Hour-long free Wi-Fi at Lambert approved (bizjournals.com)
- Boingo Wireless, Inc. :WIFI-US: Earnings Analysis: Q2, 2017 By the Numbers : October 4, 2017 (finance.yahoo.com)
- ETFs with exposure to Boingo Wireless, Inc. : October 5, 2017 (finance.yahoo.com)
- Zacks Investment Research Upgrades Boingo Wireless, Inc. (WIFI) to “Buy” (americanbankingnews.com)
Shares of Boingo Wireless (WIFI) opened at 21.28 on Thursday. The firm has a 50 day moving average of $20.98 and a 200 day moving average of $16.87. The stock’s market cap is $853.52 million. Boingo Wireless has a one year low of $9.39 and a one year high of $22.14.
Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). The company had revenue of $49.00 million for the quarter, compared to analyst estimates of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) EPS. On average, equities research analysts predict that Boingo Wireless will post ($0.64) EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 target price (up from $18.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Benchmark Co. upped their target price on shares of Boingo Wireless from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Craig Hallum upped their target price on shares of Boingo Wireless from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $20.00 target price (up from $17.00) on shares of Boingo Wireless in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.15.
In other news, CEO David Hagan sold 75,000 shares of Boingo Wireless stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $15.27, for a total value of $1,145,250.00. Following the transaction, the chief executive officer now owns 621,853 shares of the company’s stock, valued at approximately $9,495,695.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Derek Peterson sold 50,000 shares of Boingo Wireless stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.80, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 60,496 shares in the company, valued at approximately $1,258,316.80. The disclosure for this sale can be found here. Insiders sold a total of 720,778 shares of company stock worth $12,188,499 in the last ninety days. Corporate insiders own 7.70% 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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