Gogo (NASDAQ:GOGO) Downgraded by Wall Street Zen to Sell

Posted by Stanley Muller on Aug 9th, 2026

Wall Street Zen downgraded shares of Gogo (NASDAQ:GOGO – Free Report) from a hold rating to a sell rating in a report released on Saturday.

GOGO has been the subject of several other reports. Roth Capital reiterated a “buy” rating on shares of Gogo in a research note on Friday. Weiss Ratings upgraded Gogo from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley reduced their price objective on shares of Gogo from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.50.

View Our Latest Analysis on GOGO

Gogo Price Performance

Shares of Gogo stock opened at $3.63 on Friday. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.73 and a quick ratio of 1.27. The firm has a fifty day moving average price of $3.68 and a two-hundred day moving average price of $4.16. Gogo has a fifty-two week low of $3.02 and a fifty-two week high of $13.13. The company has a market cap of $490.92 million, a PE ratio of 363.00 and a beta of 1.13.

Gogo (NASDAQ:GOGO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $222.81 million during the quarter, compared to analyst estimates of $229.35 million. Gogo had a negative net margin of 0.09% and a positive return on equity of 22.55%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. Analysts expect that Gogo will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Gogo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Gogo by 69.6% in the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company’s stock valued at $138,000 after purchasing an additional 6,978 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Gogo by 43.4% in the 1st quarter. AQR Capital Management LLC now owns 47,219 shares of the technology company’s stock valued at $407,000 after purchasing an additional 14,293 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Gogo by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,205 shares of the technology company’s stock valued at $338,000 after buying an additional 2,342 shares during the last quarter. Millennium Management LLC lifted its holdings in Gogo by 439.5% during the 1st quarter. Millennium Management LLC now owns 709,003 shares of the technology company’s stock valued at $6,112,000 after purchasing an additional 577,575 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Gogo by 23.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 294,173 shares of the technology company’s stock worth $2,536,000 after buying an additional 56,232 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Gogo

(Get Free Report)

Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo’s offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types.

Gogo’s ATG network spans the United States and portions of Canada, using ground towers to transmit data signals directly to equipped aircraft.