PDT Partners LLC Invests $766,000 in Gogo Inc. $GOGO

Posted by Francis Steltz on Aug 28th, 2026

PDT Partners LLC bought a new stake in shares of Gogo Inc. (NASDAQ:GOGO – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 247,091 shares of the technology company’s stock, valued at approximately $766,000. PDT Partners LLC owned 0.18% of Gogo as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in Gogo by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,934 shares of the technology company’s stock worth $381,000 after buying an additional 1,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $338,000 after acquiring an additional 2,342 shares during the last quarter. Quarry LP grew its stake in shares of Gogo by 86.1% in the third quarter. Quarry LP now owns 7,171 shares of the technology company’s stock worth $62,000 after acquiring an additional 3,318 shares during the last quarter. Swiss National Bank grew its stake in shares of Gogo by 2.8% in the fourth quarter. Swiss National Bank now owns 145,100 shares of the technology company’s stock worth $676,000 after acquiring an additional 4,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Gogo by 310.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,318 shares of the technology company’s stock worth $29,000 after acquiring an additional 5,536 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GOGO shares. Wall Street Zen cut shares of Gogo from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Morgan Stanley decreased their price target on shares of Gogo from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Gogo from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating on shares of Gogo in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Gogo from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $8.50.

Get Our Latest Research Report on Gogo

Gogo Stock Down 4.2%

Shares of GOGO stock opened at $2.73 on Friday. The stock has a market cap of $369.94 million, a P/E ratio of 273.00 and a beta of 1.13. Gogo Inc. has a one year low of $2.53 and a one year high of $11.45. The stock has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.98. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.73 and a quick ratio of 1.21.

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

Gogo Company Profile

(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.