Invictus RG Acquires Shares of 15,822 Boingo Wireless, Inc. (WIFI)

Invictus RG acquired a new stake in Boingo Wireless, Inc. (NASDAQ:WIFI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 15,822 shares of the technology company’s stock, valued at approximately $338,000.

A number of other large investors have also recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new stake in Boingo Wireless in the third quarter valued at $114,000. Legal & General Group Plc lifted its holdings in Boingo Wireless by 3.9% in the second quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after acquiring an additional 341 shares during the period. Royal Bank of Canada lifted its holdings in Boingo Wireless by 1.3% in the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after acquiring an additional 135 shares during the period. American Century Companies Inc. acquired a new stake in Boingo Wireless in the second quarter valued at $164,000. Finally, Aperio Group LLC acquired a new stake in Boingo Wireless in the second quarter valued at $164,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

In other news, insider Derek Peterson sold 50,000 shares of Boingo Wireless stock in a transaction 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 owns 60,496 shares of the company’s stock, valued at approximately $1,258,316.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawn Callahan sold 25,000 shares of Boingo Wireless stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $25.10, for a total value of $627,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 128,552 shares of company stock valued at $2,913,093 in the last ninety days. Corporate insiders own 7.70% of the company’s stock.

A number of equities research analysts have commented on the company. Oppenheimer reissued a “buy” rating and issued a $30.00 target price on shares of Boingo Wireless in a report on Wednesday, November 15th. Zacks Investment Research downgraded Boingo Wireless from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Jefferies Group raised their target price on Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group raised their target price on Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Craig Hallum raised their target price on Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.04.

Boingo Wireless, Inc. (NASDAQ:WIFI) opened at $22.91 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless, Inc. has a one year low of $10.46 and a one year high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business had revenue of $53.66 million during the quarter, compared to the consensus estimate of $50.22 million. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. The business’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) EPS. equities research analysts predict that Boingo Wireless, Inc. will post -0.58 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/12/06/invictus-rg-acquires-shares-of-15822-boingo-wireless-inc-wifi.html.

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.

Institutional Ownership by Quarter for Boingo Wireless (NASDAQ:WIFI)

Receive News & Ratings for Boingo Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply