Shares of Gogo Inc. (NASDAQ:GOGO) have earned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.71.
GOGO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Gogo from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, May 3rd. Dougherty & Co upped their price objective on shares of Gogo from $16.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, May 1st. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Gogo in a report on Wednesday, May 31st. They issued an “outperform” rating and a $15.00 price objective on the stock.
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Gogo (NASDAQ GOGO) traded down 1.15% during trading on Tuesday, reaching $12.00. The company had a trading volume of 653,066 shares. The company has a 50 day moving average price of $12.47 and a 200 day moving average price of $10.85. Gogo has a 52-week low of $7.80 and a 52-week high of $13.69. The company’s market capitalization is $1.04 billion.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.52) earnings per share for the quarter, meeting the consensus estimate of ($0.52). Gogo had a negative net margin of 22.86% and a negative return on equity of 441.18%. The business had revenue of $165.41 million during the quarter, compared to analysts’ expectations of $160.04 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Gogo will post ($1.93) EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in GOGO. Harbour Capital Advisors LLC acquired a new stake in Gogo during the first quarter worth about $3,291,000. PEAK6 Investments L.P. acquired a new stake in Gogo during the first quarter worth about $825,000. Logan Capital Management Inc. raised its stake in Gogo by 119.3% in the first quarter. Logan Capital Management Inc. now owns 47,523 shares of the technology company’s stock worth $523,000 after buying an additional 25,850 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Gogo by 22.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 259,323 shares of the technology company’s stock worth $2,853,000 after buying an additional 47,672 shares during the period. Finally, United Capital Financial Advisers LLC raised its stake in Gogo by 60.5% in the first quarter. United Capital Financial Advisers LLC now owns 38,138 shares of the technology company’s stock worth $420,000 after buying an additional 14,371 shares during the period. Institutional investors own 64.62% of the company’s stock.
Gogo Company Profile
Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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