Shares of Gogo Inc (NASDAQ:GOGO) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.50.
GOGO has been the topic of a number of recent analyst reports. BidaskClub raised shares of Gogo from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Northland Securities set a $2.00 price target on shares of Gogo and gave the company a “sell” rating in a report on Tuesday, November 6th. Zacks Investment Research downgraded shares of Gogo from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine raised shares of Gogo from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th.
Shares of Gogo stock opened at $3.80 on Friday. The stock has a market capitalization of $311.35 million, a P/E ratio of -1.75 and a beta of 0.96. Gogo has a 1 year low of $2.64 and a 1 year high of $10.84.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.24. The company had revenue of $217.26 million for the quarter, compared to analysts’ expectations of $212.01 million. The business’s revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.57) EPS. On average, analysts anticipate that Gogo will post -2 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elk Creek Partners LLC lifted its holdings in Gogo by 77.0% during the third quarter. Elk Creek Partners LLC now owns 3,347,481 shares of the technology company’s stock valued at $17,373,000 after purchasing an additional 1,455,879 shares in the last quarter. Capital International Investors bought a new stake in shares of Gogo during the third quarter valued at approximately $6,254,000. Valinor Management L.P. raised its position in shares of Gogo by 33.7% during the third quarter. Valinor Management L.P. now owns 4,345,379 shares of the technology company’s stock valued at $22,552,000 after buying an additional 1,094,407 shares during the last quarter. Jefferies Group LLC raised its position in shares of Gogo by 195.4% during the third quarter. Jefferies Group LLC now owns 385,000 shares of the technology company’s stock valued at $1,998,000 after buying an additional 788,675 shares during the last quarter. Finally, S. Muoio & CO. LLC raised its position in shares of Gogo by 481.0% during the third quarter. S. Muoio & CO. LLC now owns 822,330 shares of the technology company’s stock valued at $4,268,000 after buying an additional 680,800 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.
Gogo Company Profile
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It 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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