Boingo Wireless Inc Receives a Buy from Credit Suisse

By Jason Carr

Credit Suisse analyst Stephen Ju maintained a Buy rating on Boingo Wireless Inc (NASDAQ: WIFI) yesterday and set a price target of $16. The company’s shares closed yesterday at $13.68.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 15.9% and a 70.6% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.

Boingo Wireless Inc has an analyst consensus of Strong Buy, with a price target consensus of $15.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WIFI in relation to earlier this year. Most recently, in September 2015, Peter Hovenier, the CFO of WIFI sold 10,000 shares for a total of $73,800.

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 provision of mobile internet solutions for smart phones, tablet computers, laptops, and wireless-enabled consumer devices. It offers Wi-Fi subscriptions, Internet, and digital television. The company was founded by Sky Dylan Dayton on April 16, 2001 and is headquartered in Los Angeles, CA.