Roth Capital Predicts Gogo's Q2 Earnings (NASDAQ:GOGO)

Gogo Inc. (NASDAQ:GOGO - Free Report) - Research analysts at Roth Capital increased their Q2 2025 earnings estimates for shares of Gogo in a research note issued to investors on Sunday, May 11th. Roth Capital analyst S. Searle now expects that the technology company will earn $0.11 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for Gogo's current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Gogo's FY2025 earnings at $0.48 EPS.

A number of other equities analysts also recently commented on GOGO. StockNews.com upgraded shares of Gogo from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Roth Mkm lowered their price target on shares of Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 17th.

Gogo Stock Performance

Gogo stock traded down $0.25 during trading hours on Wednesday, reaching $12.31. 282,478 shares of the stock were exchanged, compared to its average volume of 1,275,241. The stock has a market cap of $1.63 billion, a P/E ratio of 28.62 and a beta of 0.93. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. Gogo has a 52-week low of $6.17 and a 52-week high of $12.90. The firm's 50 day moving average is $8.05 and its 200 day moving average is $7.91.

Gogo (NASDAQ:GOGO - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The technology company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.05 by $0.13. The firm had revenue of $230.31 million during the quarter, compared to the consensus estimate of $214.93 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. Gogo's revenue for the quarter was up 120.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS.

Institutional Investors Weigh In On Gogo

A number of large investors have recently added to or reduced their stakes in GOGO. GAMMA Investing LLC grew its stake in Gogo by 532.9% in the 1st quarter. GAMMA Investing LLC now owns 3,595 shares of the technology company's stock valued at $31,000 after acquiring an additional 3,027 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Gogo during the 4th quarter worth about $43,000. State of Wyoming acquired a new stake in shares of Gogo during the 4th quarter worth about $57,000. Teza Capital Management LLC acquired a new stake in shares of Gogo during the 4th quarter worth about $110,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gogo during the 1st quarter worth about $111,000. 69.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gogo

In other Gogo news, Director Oakleigh Thorne acquired 30,173 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $6.57 per share, with a total value of $198,236.61. Following the purchase, the director now owns 711,341 shares in the company, valued at approximately $4,673,510.37. The trade was a 4.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.78% of the stock is owned by corporate insiders.

Gogo Company Profile

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.