In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Boingo Wireless Inc (NASDAQ: WIFI). The company’s shares opened today at $31.23, close to its 52-week high of $33.20.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.9% and a 78.6% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and Limelight Networks.
Currently, the analyst consensus on Boingo Wireless Inc is a Strong Buy with an average price target of $31.40, a 0.5% upside from current levels. In a report issued on August 2, Craig-Hallum also maintained a Buy rating on the stock with a $31 price target.
.
See today’s analyst top recommended stocks >>
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 63 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.
