ValuEngine upgraded shares of Gogo (NASDAQ:GOGO) from a hold rating to a buy rating in a research report sent to investors on Tuesday.
Several other analysts also recently issued reports on GOGO. Zacks Investment Research downgraded Gogo from a hold rating to a sell rating in a research note on Wednesday, July 11th. William Blair downgraded Gogo from an outperform rating to a market perform rating in a research note on Tuesday, July 17th. Raymond James downgraded Gogo from an outperform rating to a market perform rating and set a $15.00 target price on the stock. in a research note on Tuesday, July 24th. Finally, BidaskClub raised Gogo from a sell rating to a hold rating in a research note on Saturday, August 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $8.38.
Shares of GOGO opened at $7.31 on Tuesday. Gogo has a 12-month low of $3.52 and a 12-month high of $11.75.
Gogo (NASDAQ:GOGO) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.21. The business had revenue of $217.26 million for the quarter, compared to the consensus estimate of $212.01 million. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the business posted ($0.57) EPS. On average, research analysts anticipate that Gogo will post -2.16 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Gogo by 50.6% during the 3rd quarter. US Bancorp DE now owns 26,550 shares of the technology company’s stock valued at $138,000 after buying an additional 8,921 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Gogo by 57.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 55,000 shares of the technology company’s stock valued at $267,000 after buying an additional 20,000 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Gogo during the 2nd quarter valued at approximately $109,000. Northern Trust Corp grew its holdings in Gogo by 4.4% during the 2nd quarter. Northern Trust Corp now owns 701,785 shares of the technology company’s stock valued at $3,410,000 after buying an additional 29,843 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in Gogo by 34.8% during the 2nd quarter. Engineers Gate Manager LP now owns 132,288 shares of the technology company’s stock valued at $643,000 after buying an additional 34,147 shares in the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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