Media stories about Gogo (NASDAQ:GOGO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gogo earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.5528113252745 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Gogo Inc. (GOGO) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Chin Chin and GoGo, Sydney, Australia (wallpaper.com)
- Fortune Names New American Funding One of America’s Best Workplaces for Diversity (bizjournals.com)
- A Couple Of Theater Chains Are On Short Sellers’ Radar (benzinga.com)
- Alexis Girin Joins Gogo as Vice President of Asia Pacific Sales (finance.yahoo.com)
Shares of Gogo (GOGO) opened at $10.63 on Friday. Gogo has a 52-week low of $8.56 and a 52-week high of $14.76. The company has a quick ratio of 2.02, a current ratio of 2.20 and a debt-to-equity ratio of -6.40.
Gogo (NASDAQ:GOGO) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.06). The company had revenue of $172.87 million during the quarter, compared to analyst estimates of $172.92 million. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) EPS. research analysts predict that Gogo will post -2.11 earnings per share for the current year.
GOGO has been the topic of several recent analyst reports. Zacks Investment Research upgraded Gogo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded Gogo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Guggenheim restated a “buy” rating and set a $16.00 price objective on shares of Gogo in a research report on Monday, October 9th. Finally, Northland Securities began coverage on Gogo in a research report on Tuesday, September 19th. They set an “under perform” rating and a $6.75 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $14.35.
In related news, insider Michael Small bought 100,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $8.79 per share, with a total value of $879,000.00. Following the acquisition, the insider now owns 398,224 shares of the company’s stock, valued at $3,500,388.96. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 37.30% 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).
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