The stock last traded at $19.25 which is quite a bit higher than the 50 day moving average of $16.41 and which is significantly above the 200 day moving average of $14.50. The 50 day moving average was up by +17.33% and the 200 day average was up $4.75. Trading volume for Boingo Wireless, Inc. was 184K by the end of trading on Tuesday. Overall, volume was down 52.10% under the stocks normal daily volume.
There has been some selling insider activity on Boingo Wireless, Inc. (NASDAQ:WIFI) recently. Tom Tracey, Sr VP reported the sale of 25,000 shares of WIFI stock. The shares were sold on August 9th for a price of $18.45. Tracey now owns $589,957 of the stock per the Form 4 SEC filing. Michael Finley, Director disclosed the sale of 14,493 shares. The shares were purchased at an average price of $18.08. The Director now owns $1,093,804 of the stock according to the SEC filing.
CEO David Hagan let go of 75,000 shares at a price of $15.27 on July 21st. Hagan now owns $9,113,945 of stock as reported to the SEC.
These firms have also modified their investment in WIFI. Susquehanna International Group, Llp augmented its stake by buying 27,657 shares an increase of 256.1% in the quarter. Susquehanna International Group, Llp currently owns 38,455 shares with a value of $575,000. The value of the position overall is up by 310.7%. Sterling Capital Management LLC cut its position by selling 24,138 shares a decrease of 39.7% as of 06/30/2017. Sterling Capital Management LLC claims 36,690 shares valued at $549,000. The total value of its holdings decreased 30.5%.
Manufacturers Life Insurance Company, The downsized its investment by selling 11,576 shares a decrease of 81.0%. Manufacturers Life Insurance Company, The now controls 2,719 shares worth $41,000. The total value of its holdings decreased 78.0%. As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1,789 shares trimming its stake by 100.0%. The value of the investment in WIFI went from $16,000 to $0 a change of $16,000 for the reporting period.
The company is down from yesterday’s close of $19.27. In the last earnings report the EPS was $-0.65 and is projected to be $-0.64 for the current year with 40,109,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.13 with next year’s EPS anticipated to be $-0.45.
Boingo Wireless, Inc., launched on April 16, 2001, 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. It acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses; builds wireless networks, such as DAS, Wi-Fi and small cells at those venues, and monetizes the wireless networks through a range of products and services. As of December 31, 2016, the Company operated 36 DAS networks containing approximately 19,200 DAS nodes. Its Wi-Fi network includes locations that the Company manages and operates (its managed and operated locations), as well as networks managed and operated by third-parties with whom it contracts for access (its roaming networks). As of December 31, 2016, the Company had more than 1.5 million commercial Wi-Fi hotspots in more than 100 countries around the world. As of December 31, 2016, the Company also operated Wi-Fi and Internet protocol television (IPTV) networks at the 58 United States Army, Air Force and Marines bases around the world..