Roth Capital Has Positive Estimate for Gogo Q2 Earnings

Gogo Inc. (NASDAQ:GOGO) – Roth Capital lifted their Q2 2025 earnings per share estimates for Gogo in a report released on Sunday, May 11th. Roth Capital analyst S. Searle now expects that the technology company will post earnings of $0.11 per share for the quarter, up from their previous estimate of $0.05. The consensus estimate for Gogo’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Gogo’s FY2025 earnings at $0.48 EPS.

Several other analysts have also recently commented on GOGO. Roth Mkm dropped their price target on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research report on Monday, March 17th. StockNews.com upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Monday.

Gogo Stock Down 4.0%

Shares of GOGO opened at $11.86 on Wednesday. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. Gogo has a one year low of $6.17 and a one year high of $12.90. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 27.58 and a beta of 0.93. The stock has a 50 day moving average price of $7.63 and a 200 day moving average price of $7.76.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Friday, May 9th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The firm had revenue of $230.31 million during the quarter, compared to analysts’ expectations of $214.93 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 120.8% on a year-over-year basis.

Insider Buying and Selling at Gogo

In related news, Director Oakleigh Thorne bought 30,173 shares of the company’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $6.57 per share, for a total transaction of $198,236.61. Following the acquisition, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. This represents a 4.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 26.00% of the stock is owned by company insiders.

Institutional Trading of Gogo

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in shares of Gogo by 18.2% during the 1st quarter. American Century Companies Inc. now owns 174,630 shares of the technology company’s stock worth $1,505,000 after purchasing an additional 26,873 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Gogo by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 187,518 shares of the technology company’s stock worth $1,616,000 after purchasing an additional 40,233 shares during the period. Nuveen LLC purchased a new position in shares of Gogo during the 1st quarter worth $1,927,000. Virtu Financial LLC purchased a new position in shares of Gogo during the 1st quarter worth $255,000. Finally, Invesco Ltd. grew its holdings in shares of Gogo by 4.5% during the 1st quarter. Invesco Ltd. now owns 184,680 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 7,958 shares during the period. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.