Media coverage about Gogo (NASDAQ:GOGO) has been trending positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gogo earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.7905096402473 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
A number of analysts have issued reports on the company. BidaskClub lowered Gogo from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered Gogo from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine lowered Gogo from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $16.00 target price on shares of Gogo in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Gogo currently has a consensus rating of “Hold” and an average price target of $14.35.
Shares of Gogo (NASDAQ:GOGO) traded up $0.01 during trading hours on Friday, hitting $10.05. The stock had a trading volume of 652,770 shares, compared to its average volume of 664,597. Gogo has a one year low of $8.57 and a one year high of $14.76. The firm has a market cap of $871.20, a price-to-earnings ratio of -5.05 and a beta of 1.69. The company has a debt-to-equity ratio of -6.40, a current ratio of 2.20 and a quick ratio of 2.02.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.06). The firm had revenue of $172.87 million during the quarter, compared to the consensus estimate of $172.92 million. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. equities research analysts anticipate that Gogo will post -2.11 EPS for the current fiscal year.
In other news, insider Michael Small acquired 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $8.79 per share, with a total value of $879,000.00. Following the acquisition, the insider now owns 398,224 shares of the company’s stock, valued at $3,500,388.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.30% of the stock is currently owned by company insiders.
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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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