74,107 Shares in Boingo Wireless Inc (NASDAQ:WIFI) Purchased by American Century Companies Inc.

American Century Companies Inc. bought a new position in shares of Boingo Wireless Inc (NASDAQ:WIFI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 74,107 shares of the technology company’s stock, valued at approximately $1,524,000. American Century Companies Inc. owned 0.17% of Boingo Wireless as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WIFI. FMR LLC raised its position in shares of Boingo Wireless by 33.6% during the fourth quarter. FMR LLC now owns 3,953,534 shares of the technology company’s stock worth $81,325,000 after purchasing an additional 993,899 shares during the period. Bank of Montreal Can grew its holdings in shares of Boingo Wireless by 2,090.1% during the fourth quarter. Bank of Montreal Can now owns 230,463 shares of the technology company’s stock valued at $4,740,000 after buying an additional 219,940 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Boingo Wireless by 7.0% during the third quarter. Vanguard Group Inc now owns 3,304,762 shares of the technology company’s stock valued at $115,336,000 after buying an additional 217,283 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Boingo Wireless by 7.0% during the third quarter. Vanguard Group Inc. now owns 3,304,762 shares of the technology company’s stock valued at $115,336,000 after buying an additional 217,283 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Boingo Wireless by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,203,235 shares of the technology company’s stock valued at $24,751,000 after buying an additional 179,165 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors.

In related news, Director David Hagan sold 29,364 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $25.36, for a total transaction of $744,671.04. Following the completion of the transaction, the director now owns 1,103,375 shares of the company’s stock, valued at approximately $27,981,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Hovenier sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $24.43, for a total value of $366,450.00. Following the transaction, the chief financial officer now directly owns 466,723 shares of the company’s stock, valued at approximately $11,402,042.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,364 shares of company stock valued at $3,755,171. 3.80% of the stock is currently owned by corporate insiders.

NASDAQ WIFI traded up $0.92 on Friday, reaching $21.26. The stock had a trading volume of 899,500 shares, compared to its average volume of 554,976. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.17 and a quick ratio of 1.17. Boingo Wireless Inc has a 1 year low of $18.50 and a 1 year high of $35.98. The company has a market capitalization of $977.79 million, a P/E ratio of -708.67 and a beta of 1.05.

Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $66.47 million for the quarter, compared to the consensus estimate of $65.74 million. Boingo Wireless had a negative return on equity of 1.08% and a negative net margin of 0.49%. On average, equities analysts anticipate that Boingo Wireless Inc will post -0.31 EPS for the current year.

A number of research analysts have recently weighed in on WIFI shares. Northland Securities started coverage on Boingo Wireless in a report on Monday, April 22nd. They set a “buy” rating and a $30.00 price target on the stock. BidaskClub upgraded Boingo Wireless from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. William Blair reiterated a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 28th. Roth Capital reiterated a “buy” rating on shares of Boingo Wireless in a report on Friday, March 1st. Finally, Craig Hallum restated a “buy” rating and issued a $28.00 target price (down previously from $36.00) on shares of Boingo Wireless in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Boingo Wireless has an average rating of “Buy” and an average price target of $32.67.

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Boingo Wireless Profile

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

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