BidaskClub upgraded shares of Gogo (NASDAQ:GOGO) from a strong sell rating to a sell rating in a research note released on Saturday, February 17th.
GOGO has been the topic of a number of other research reports. ValuEngine raised Gogo from a sell rating to a hold rating in a research report on Sunday, December 31st. Zacks Investment Research raised Gogo from a sell rating to a hold rating in a research report on Tuesday, December 26th. Finally, William Blair restated a buy rating on shares of Gogo in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $13.80.
Shares of Gogo (NASDAQ GOGO) traded down $0.23 during midday trading on Friday, reaching $9.59. The company’s stock had a trading volume of 578,685 shares, compared to its average volume of 1,410,000. The firm has a market capitalization of $832.15, a P/E ratio of -4.42 and a beta of 1.45. The company has a current ratio of 1.87, a quick ratio of 1.73 and a debt-to-equity ratio of -5.22. Gogo has a 1 year low of $8.52 and a 1 year high of $14.76.
In other news, Director Charles C. Townsend acquired 100,000 shares of Gogo stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of $9.32 per share, for a total transaction of $932,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 37.30% of the company’s stock.
Several hedge funds have recently modified their holdings of GOGO. Billings Capital Management LLC boosted its stake in shares of Gogo by 14.7% in 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 buying an additional 432,667 shares during the period. SG Americas Securities LLC bought a new stake in shares of Gogo in the fourth quarter valued at approximately $2,079,000. Deutsche Bank AG boosted its stake in shares of Gogo by 340.4% in the fourth quarter. Deutsche Bank AG now owns 225,223 shares of the technology company’s stock valued at $2,539,000 after buying an additional 174,084 shares during the period. PEAK6 Investments L.P. boosted its stake in shares of Gogo by 1,198.0% in the fourth quarter. PEAK6 Investments L.P. now owns 115,290 shares of the technology company’s stock valued at $1,300,000 after buying an additional 125,790 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Gogo by 2.6% in the second quarter. Vanguard Group Inc. now owns 4,603,405 shares of the technology company’s stock valued at $53,077,000 after buying an additional 114,567 shares during the period. Institutional investors and hedge funds own 77.65% of the company’s stock.
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Gogo Company Profile
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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