Gogo Inc. (NASDAQ:GOGO) Given Average Rating of “Hold” by Analysts

Gogo Inc. (NASDAQ:GOGOGet Rating) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.40.

Separately, Cowen boosted their target price on Gogo to $26.00 in a research report on Monday, August 15th.

Institutional Trading of Gogo

Several hedge funds and other institutional investors have recently bought and sold shares of GOGO. BNP Paribas Arbitrage SA lifted its position in Gogo by 131.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 31,808 shares of the technology company’s stock valued at $430,000 after purchasing an additional 18,062 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Gogo during the fourth quarter valued at approximately $231,000. Bank of Montreal Can purchased a new position in shares of Gogo during the fourth quarter valued at approximately $3,680,000. Ensign Peak Advisors Inc purchased a new position in shares of Gogo during the fourth quarter valued at approximately $159,000. Finally, Renaissance Technologies LLC increased its stake in shares of Gogo by 309.8% during the fourth quarter. Renaissance Technologies LLC now owns 513,800 shares of the technology company’s stock valued at $6,952,000 after buying an additional 388,432 shares during the period. Institutional investors own 88.14% of the company’s stock.

Gogo Trading Up 8.9 %

Shares of NASDAQ GOGO opened at $13.32 on Monday. Gogo has a 12 month low of $11.73 and a 12 month high of $23.69. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.56 and a beta of 1.13. The business has a 50-day moving average of $15.70 and a 200-day moving average of $17.56.

Gogo (NASDAQ:GOGOGet Rating) last issued its quarterly earnings data on Friday, August 5th. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Gogo had a negative return on equity of 26.15% and a net margin of 74.01%. The company had revenue of $97.84 million during the quarter, compared to analyst estimates of $95.26 million. On average, analysts predict that Gogo will post 0.66 earnings per share for the current year.

Gogo Company Profile

(Get Rating)

Gogo Inc, through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services.

Further Reading

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