Boingo Wireless Inc (NASDAQ:WIFI) reached a new 52-week low during trading on Wednesday . The company traded as low as $11.76 and last traded at $11.76, with a volume of 415 shares traded. The stock had previously closed at $12.10.
A number of research firms have recently commented on WIFI. Northland Securities reaffirmed a “buy” rating on shares of Boingo Wireless in a research report on Friday, August 2nd. BidaskClub lowered Boingo Wireless from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 29th. ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Oppenheimer dropped their price target on Boingo Wireless to $23.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Craig Hallum dropped their price target on Boingo Wireless from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.67.
The stock’s 50-day moving average is $16.31. The stock has a market capitalization of $569.03 million, a price-to-earnings ratio of -388.33 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.88.
A number of institutional investors have recently made changes to their positions in WIFI. Legal & General Group Plc raised its position in Boingo Wireless by 13.7% in the 4th quarter. Legal & General Group Plc now owns 7,297 shares of the technology company’s stock valued at $150,000 after buying an additional 882 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Boingo Wireless by 75.6% during the 4th quarter. Macquarie Group Ltd. now owns 2,067 shares of the technology company’s stock worth $42,000 after purchasing an additional 890 shares during the last quarter. Millennium Management LLC increased its position in shares of Boingo Wireless by 11.4% during the 4th quarter. Millennium Management LLC now owns 38,555 shares of the technology company’s stock worth $793,000 after purchasing an additional 3,931 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Boingo Wireless during the 4th quarter worth approximately $1,524,000. Finally, Lindbrook Capital LLC acquired a new position in shares of Boingo Wireless during the 1st quarter worth approximately $96,000.
About Boingo Wireless (NASDAQ:WIFI)
Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.
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