Roth Capital analyst Scott Searle reiterated a Buy rating on Boingo Wireless Inc (NASDAQ: WIFI) today and set a price target of $32. The company’s shares opened today at $26.75.
According to TipRanks.com, Searle is a 3-star analyst with an average return of 10.3% and a 64.3% success rate. Searle covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Universal Display, and InterDigital.
Currently, the analyst consensus on Boingo Wireless Inc is a Strong Buy with an average price target of $31.50, which is a 17.8% upside from current levels. In a report released today, Jefferies also reiterated a Buy rating on the stock with a $33 price target.
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Based on Boingo Wireless Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.12 million. In comparison, last year the company had a GAAP net loss of $8.02 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Peter Hovenier, the CFO of WIFI sold 20,730 shares for a total of $506,859.
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Boingo Wireless, Inc. engages in the istallation of distributed antenna systems or DAS, Wi-Fi, and small cells. It operates through the following geographical segments: North America; Latin America; Europe, Middle Est, and Africa; and Asia. The firm’s wireless networks are in the airport; cafe/retail; convention center; hotel; and other.
