News coverage about Gogo (NASDAQ:GOGO) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gogo earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.8567742635017 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Shares of Gogo (NASDAQ:GOGO) opened at $10.77 on Tuesday. 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 1-year low of $8.56 and a 1-year high of $14.76.
Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.06). The business had revenue of $172.87 million for the quarter, compared to analysts’ expectations of $172.92 million. During the same period in the previous year, the business posted ($0.42) earnings per share. Gogo’s revenue for the quarter was up 17.4% on a year-over-year basis. sell-side analysts forecast that Gogo will post -2.11 EPS for the current fiscal year.
Several research analysts have recently commented on the stock. Northland Securities initiated coverage on shares of Gogo in a research note on Tuesday, September 19th. They set an “under perform” rating and a $6.75 price target on the stock. ValuEngine raised shares of Gogo from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Gogo from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Guggenheim reaffirmed a “buy” rating and set a $16.00 price objective on shares of Gogo in a report on Monday, October 9th. Finally, BidaskClub raised shares of Gogo from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.35.
In related news, insider Michael Small purchased 100,000 shares of Gogo stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $8.79 per share, with a total value of $879,000.00. Following the acquisition, the insider now directly owns 398,224 shares in the company, valued at $3,500,388.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 37.30% of the stock is owned by corporate insiders.
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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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