William Blair Analysts Reduce Earnings Estimates for Gogo

Key Points

• William Blair has revised down their earnings per share (EPS) estimate for Gogo in Q4 2025 from $0.10 to $0.08.
• Gogo recently reported Q2 earnings of $0.13 per share, exceeding expectations of $0.12, with a significant revenue increase of 121.4% year-over-year.
• Institutional investors hold a significant portion of Gogo's stock, with hedge funds owning 69.60% of shares, indicating strong interest in the company.

Gogo Inc. (NASDAQ:GOGO - Free Report) - Equities researchers at William Blair dropped their Q4 2025 EPS estimates for Gogo in a note issued to investors on Thursday, August 7th. William Blair analyst L. Dipalma now expects that the technology company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.10. The consensus estimate for Gogo's current full-year earnings is $0.41 per share. William Blair also issued estimates for Gogo's FY2026 earnings at $0.59 EPS.

Gogo (NASDAQ:GOGO - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $226.04 million for the quarter, compared to the consensus estimate of $220.12 million. Gogo had a net margin of 1.05% and a return on equity of 88.04%. The company's revenue for the quarter was up 121.4% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share.

Several other equities analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Gogo from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Roth Capital set a $16.50 price target on shares of Gogo and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Morgan Stanley began coverage on shares of Gogo in a research note on Thursday. They issued an "equal weight" rating and a $15.00 price target on the stock.

Gogo Price Performance

Shares of NASDAQ:GOGO traded up $0.10 during midday trading on Monday, hitting $12.19. The company's stock had a trading volume of 119,081 shares, compared to its average volume of 1,698,197. The business's 50 day simple moving average is $14.47 and its 200 day simple moving average is $10.52. The company has a debt-to-equity ratio of 8.10, a quick ratio of 1.32 and a current ratio of 1.71. The company has a market cap of $1.63 billion, a P/E ratio of 302.00 and a beta of 1.11. Gogo has a 12-month low of $6.17 and a 12-month high of $16.82.

Institutional Investors Weigh In On Gogo

A number of institutional investors have recently made changes to their positions in GOGO. Brighton Jones LLC increased its position in shares of Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock valued at $138,000 after acquiring an additional 6,978 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Gogo by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,499,410 shares of the technology company's stock valued at $12,133,000 after acquiring an additional 7,777 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Gogo by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 38,034 shares of the technology company's stock valued at $308,000 after acquiring an additional 12,309 shares during the last quarter. FMR LLC increased its position in shares of Gogo by 138.4% during the fourth quarter. FMR LLC now owns 13,475,009 shares of the technology company's stock valued at $109,013,000 after acquiring an additional 7,821,973 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Gogo by 113.8% during the fourth quarter. Renaissance Technologies LLC now owns 766,100 shares of the technology company's stock valued at $6,198,000 after acquiring an additional 407,800 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Christopher John Moore acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average cost of $12.11 per share, for a total transaction of $121,100.00. Following the completion of the transaction, the chief executive officer owned 10,000 shares in the company, valued at approximately $121,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director (Equity) Holdings Lp Silver sold 8,500,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 4,174,482 shares of the company's stock, valued at approximately $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. 25.78% of the stock is owned by company insiders.

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.