Gogo (GOGO) Stock Rating Reaffirmed by William Blair

Gogo (NASDAQ:GOGO)‘s stock had its “buy” rating restated by research analysts at William Blair in a research report issued on Thursday.

Several other analysts have also recently weighed in on GOGO. Zacks Investment Research raised Gogo from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. BidaskClub lowered shares of Gogo from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th. Finally, ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.35.

Shares of Gogo (NASDAQ GOGO) opened at $10.23 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.20 and a debt-to-equity ratio of -6.40. Gogo has a 12-month low of $8.52 and a 12-month high of $14.76.

Several hedge funds have recently added to or reduced their stakes in GOGO. Billings Capital Management LLC lifted its holdings in shares of Gogo by 14.7% during the fourth quarter. Billings Capital Management LLC now owns 3,379,752 shares of the technology company’s stock valued at $38,124,000 after purchasing an additional 432,667 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Gogo during the fourth quarter valued at approximately $2,079,000. Deutsche Bank AG lifted its holdings in shares of Gogo by 340.4% during the fourth quarter. Deutsche Bank AG now owns 225,223 shares of the technology company’s stock valued at $2,539,000 after purchasing an additional 174,084 shares during the last quarter. PEAK6 Investments L.P. lifted its holdings in shares of Gogo by 1,198.0% during the fourth quarter. PEAK6 Investments L.P. now owns 115,290 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 125,790 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Gogo by 2.6% during the second quarter. Vanguard Group Inc. now owns 4,603,405 shares of the technology company’s stock valued at $53,077,000 after purchasing an additional 114,567 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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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).

Analyst Recommendations for Gogo (NASDAQ:GOGO)

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