Gogo (GOGO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Gogo (NASDAQ:GOGO) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Several other brokerages have also recently issued reports on GOGO. Northland Securities set a $6.00 target price on shares of Gogo and gave the stock a sell rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. cut shares of Gogo from an overweight rating to a neutral rating in a research note on Friday, February 23rd. William Blair reaffirmed a buy rating on shares of Gogo in a research note on Thursday, February 15th. ValuEngine raised shares of Gogo from a sell rating to a hold rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Gogo from a sell rating to a hold rating in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $13.80.

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Shares of Gogo (NASDAQ GOGO) opened at $9.25 on Tuesday. Gogo has a one year low of $8.52 and a one year high of $14.76. The company has a current ratio of 1.87, a quick ratio of 1.73 and a debt-to-equity ratio of -5.22. The stock has a market cap of $793.97, a price-to-earnings ratio of -4.26 and a beta of 1.45.

Gogo (NASDAQ:GOGO) last announced its earnings results on Thursday, February 22nd. The technology company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.04). The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $181.44 million. During the same quarter in the previous year, the business posted ($0.34) earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts forecast that Gogo will post -1.84 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of GOGO. Northern Trust Corp raised its holdings in shares of Gogo by 3.2% during the 2nd quarter. Northern Trust Corp now owns 693,159 shares of the technology company’s stock worth $7,993,000 after acquiring an additional 21,674 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Gogo by 2.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 22,953 shares of the technology company’s stock worth $265,000 after acquiring an additional 476 shares during the period. Voya Investment Management LLC raised its holdings in shares of Gogo by 9.5% during the 2nd quarter. Voya Investment Management LLC now owns 27,707 shares of the technology company’s stock worth $319,000 after acquiring an additional 2,393 shares during the period. State Street Corp raised its holdings in shares of Gogo by 6.2% during the 2nd quarter. State Street Corp now owns 1,111,346 shares of the technology company’s stock worth $12,811,000 after acquiring an additional 64,390 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Gogo by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,904 shares of the technology company’s stock worth $552,000 after acquiring an additional 1,407 shares during the period. Institutional investors and hedge funds own 77.30% of the company’s stock.

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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).

Analyst Recommendations for Gogo (NASDAQ:GOGO)

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