Boingo Wireless Inc (WIFI) Receives a Buy from Craig-Hallum


Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Boingo Wireless Inc (NASDAQ: WIFI) today and set a price target of $31. The company’s shares opened today at $32.86, close to its 52-week high of $32.99.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 18.1% and a 66.7% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Trimble Navigation Limited, Integrated Device Tech, and Stmicroelectronics NV.

Boingo Wireless Inc has an analyst consensus of Strong Buy, with a price target consensus of $31.40, representing a -4.4% downside. In a report released today, Jefferies also reiterated a Buy rating on the stock with a $33 price target.

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The company has a one-year high of $32.99 and a one-year low of $14.96. Currently, Boingo Wireless Inc has an average volume of 515.4K.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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