Gogo (GOGO) to Release Earnings on Thursday

Key Points

• Gogo is expected to announce its Q2 2025 earnings on August 7th, with analysts predicting earnings of $0.12 per share and revenue of $220.12 million.
• The company reported a 120.8% year-over-year revenue increase in its last earnings release, with revenue of $230.31 million, exceeding analysts' expectations of $214.93 million.
• Stock analysts have generally rated Gogo as a "Moderate Buy", with an average target price of $12.63, and Roth Capital recently set a price target of $16.50.

Gogo (NASDAQ:GOGO - Get Free Report) is anticipated to issue its Q2 2025 earnings results before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $220.12 million for the quarter. Gogo has set its FY 2025 guidance at EPS.

Gogo (NASDAQ:GOGO - Get Free Report) last announced its earnings results on Friday, May 9th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.13. The firm had revenue of $230.31 million for the quarter, compared to the consensus estimate of $214.93 million. Gogo had a positive return on equity of 95.01% and a negative net margin of 0.82%. The firm's revenue for the quarter was up 120.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, analysts expect Gogo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gogo Stock Performance

Gogo stock traded down $0.72 during mid-day trading on Friday, hitting $15.14. 1,439,915 shares of the company's stock traded hands, compared to its average volume of 1,673,161. The firm has a 50 day moving average price of $13.92 and a 200 day moving average price of $10.15. The company has a quick ratio of 1.36, a current ratio of 1.84 and a debt-to-equity ratio of 10.03. The company has a market cap of $2.00 billion, a PE ratio of -378.50 and a beta of 1.06. Gogo has a one year low of $6.17 and a one year high of $16.82.

Insider Activity at Gogo

In other Gogo news, EVP Michael Begler sold 107,136 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $15.00, for a total transaction of $1,607,040.00. Following the transaction, the executive vice president directly owned 14,454 shares of the company's stock, valued at $216,810. This represents a 88.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director (Equity) Holdings Lp Silver sold 8,500,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $93,500,000.00. Following the transaction, the director directly owned 4,174,482 shares in the company, valued at $45,919,302. The trade was a 67.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 25.78% of the company's stock.

Hedge Funds Weigh In On Gogo

A number of institutional investors have recently made changes to their positions in GOGO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Gogo by 23.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 294,173 shares of the technology company's stock worth $2,536,000 after acquiring an additional 56,232 shares during the last quarter. Millennium Management LLC increased its position in Gogo by 439.5% during the first quarter. Millennium Management LLC now owns 709,003 shares of the technology company's stock worth $6,112,000 after acquiring an additional 577,575 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Gogo by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,205 shares of the technology company's stock worth $338,000 after acquiring an additional 2,342 shares during the period. AQR Capital Management LLC increased its position in Gogo by 43.4% during the first quarter. AQR Capital Management LLC now owns 47,219 shares of the technology company's stock worth $407,000 after acquiring an additional 14,293 shares during the period. Finally, Brighton Jones LLC increased its position in Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock worth $138,000 after acquiring an additional 6,978 shares during the period. 69.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOGO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Gogo from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Roth Capital set a $16.50 target price on Gogo and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.63.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.