BidaskClub upgraded shares of Gogo Inc. (NASDAQ:GOGO) from a hold rating to a buy rating in a research report report published on Saturday morning.
Other equities analysts also recently issued reports about the company. Standpoint Research downgraded Gogo from a buy rating to a hold rating in a research report on Friday. UBS AG restated a buy rating and issued a $15.00 price objective (up from $14.00) on shares of Gogo in a research report on Friday, May 5th. Zacks Investment Research upgraded Gogo from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 3rd. Dougherty & Co boosted their price objective on Gogo from $16.00 to $17.50 and gave the company a buy rating in a research report on Monday, May 1st. Finally, ValuEngine upgraded Gogo from a sell rating to a hold rating in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $15.50.
Shares of Gogo (NASDAQ:GOGO) traded up 0.92% during trading on Friday, reaching $13.12. The company’s stock had a trading volume of 1,910,029 shares. The company has a 50 day moving average of $11.81 and a 200 day moving average of $11.34. The company’s market cap is $1.13 billion. Gogo has a 12-month low of $8.28 and a 12-month high of $13.69.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.52) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.52). The business had revenue of $165.41 million during the quarter, compared to analysts’ expectations of $160.04 million. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. Gogo’s revenue was up 16.7% on a year-over-year basis. On average, analysts anticipate that Gogo will post ($1.94) EPS for the current fiscal year.
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Several large investors have recently modified their holdings of GOGO. Guggenheim Capital LLC boosted its stake in shares of Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock valued at $107,000 after buying an additional 73 shares during the period. Arxis Securities LLC purchased a new stake in shares of Gogo during the first quarter valued at about $112,000. Principal Financial Group Inc. purchased a new stake in shares of Gogo during the first quarter valued at about $114,000. Parkwood LLC boosted its stake in shares of Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock valued at $122,000 after buying an additional 363 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Gogo by 1.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,775 shares of the technology company’s stock valued at $141,000 after buying an additional 180 shares during the period. 64.62% of the stock is currently owned by hedge funds and other institutional investors.
About Gogo
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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