NASDAQ:GOGO Gogo (GOGO) Stock Forecast, Price & News $15.70 +0.34 (+2.21%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$15.31▼$15.7550-Day Range$12.24▼$15.7052-Week Range$11.57▼$21.78Volume579,524 shsAverage Volume527,033 shsMarket Capitalization$2.02 billionP/E Ratio23.09Dividend YieldN/APrice Target$20.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Gogo MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside30.6% Upside$20.50 Price TargetShort InterestBearish7.31% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.33Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth15.25%From $0.59 to $0.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.38 out of 5 starsComputer And Technology Sector165th out of 609 stocksCommunication Services, Not Elsewhere Classified Industry3rd out of 9 stocks 3.0 Analyst's Opinion Consensus RatingGogo has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.50, Gogo has a forecasted upside of 30.6% from its current price of $15.70.Amount of Analyst CoverageGogo has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.31% of the float of Gogo has been sold short.Short Interest Ratio / Days to CoverGogo has a short interest ratio ("days to cover") of 8.7.Change versus previous monthShort interest in Gogo has recently increased by 4.20%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldGogo does not currently pay a dividend.Dividend GrowthGogo does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGO. Previous Next 1.9 News and Social Media Coverage News SentimentGogo has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Gogo this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 1 people have added Gogo to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gogo insiders have not sold or bought any company stock.Percentage Held by Insiders28.20% of the stock of Gogo is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions64.41% of the stock of Gogo is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gogo are expected to grow by 15.25% in the coming year, from $0.59 to $0.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gogo is 23.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Gogo is 23.09, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 374.00. Previous Next See Top Rated MarketRank™ Stocks Here About Gogo (NASDAQ:GOGO) StockGogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company was founded by Jimmy Ray in 1991 and is headquartered in Broomfield, CO.Read More Receive GOGO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gogo and its competitors with MarketBeat's FREE daily newsletter. Email Address GOGO Stock News HeadlinesJune 1, 2023 | msn.comCholera Outbreak: Gogo,73, dies as cholera spreads to Mpumalanga - death toll now 25May 31, 2023 | finance.yahoo.comflyExclusive Expands Fleet Commitment of Gogo AVANCEJune 4, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 29, 2023 | msn.comGogo Maweni blasted for sharing muti that she alleges makes men puppetsMay 27, 2023 | thestreet.comGogo (GOGO) Stock Plummets on American Airlines LawsuitMay 23, 2023 | finance.yahoo.comGOGO Charters Celebrates Brotherly Love Launch, Grows Charter Bus Fleet in PhiladelphiaMay 18, 2023 | msn.comGogo: The Market Doesn't Get ItMay 16, 2023 | finance.yahoo.comCharter Bus and Shuttle Leader GOGO Charters Launches in Los AngelesJune 4, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 15, 2023 | msn.comGogo’s girl! MaMkhize gushes over cute Miaandy [photos]May 15, 2023 | finance.yahoo.comThe 9.5% return this week takes Gogo's (NASDAQ:GOGO) shareholders three-year gains to 614%May 15, 2023 | finance.yahoo.comGogo Global LEO Broadband Service Gains Momentum with Significant Program AchievementsMay 13, 2023 | msn.comHow Two Lawyers Built One of America’s Coolest New Clothing BrandsMay 12, 2023 | americanbankingnews.comGogo Inc. (NASDAQ:GOGO) to Post Q3 2023 Earnings of $0.17 Per Share, William Blair ForecastsMay 12, 2023 | msn.com15 Insanely Budget-Friendly Target Deals to Fill Your Pantry in MayMay 11, 2023 | americanbankingnews.comGogo (NASDAQ:GOGO) Upgraded by StockNews.com to "Hold"May 9, 2023 | americanbankingnews.comWilliam Blair Brokers Reduce Earnings Estimates for Gogo Inc. (NASDAQ:GOGO)May 9, 2023 | americanbankingnews.comGogo Inc. (NASDAQ:GOGO) Expected to Post Q2 2023 Earnings of $0.17 Per ShareMay 7, 2023 | americanbankingnews.comNorthland Capmk Analysts Increase Earnings Estimates for Gogo Inc. (NASDAQ:GOGO)May 5, 2023 | americanbankingnews.comGogo (NASDAQ:GOGO) Shares Gap Down to $13.14May 4, 2023 | americanbankingnews.comStockNews.com Lowers Gogo (NASDAQ:GOGO) to SellMay 3, 2023 | finance.yahoo.comGogo Reports Mixed Q1 Performance, Sees Robust Business Aviation Demand For Inflight ConnectivityMay 3, 2023 | finance.yahoo.comGogo (GOGO) Reports Q1 Earnings: What Key Metrics Have to SayMay 3, 2023 | seekingalpha.comGogo Inc. (GOGO) Q1 2023 Earnings Call TranscriptMay 3, 2023 | finance.yahoo.comGogo Announces First Quarter Results and Pays Down $100 Million of Debt, Reiterates 2023 Guidance and Long-Term TargetsMay 1, 2023 | finance.yahoo.comGogo Announces $100 Million Debt PrepaymentApril 26, 2023 | americanbankingnews.comGogo (GOGO) to Release Earnings on WednesdaySee More Headlines GOGO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOGO Company Calendar Last Earnings5/03/2023Today6/03/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communication services, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:GOGO CUSIPN/A CIK1537054 Webwww.gogoair.com Phone(303) 301-3271FaxN/AEmployees376Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.50 High Stock Price Forecast$26.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+30.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.68 Trailing P/E Ratio23.09 Forward P/E Ratio26.61 P/E GrowthN/ANet Income$92.06 million Net Margins22.03% Pretax Margin25.96% Return on Equity-77.87% Return on Assets12.16% Debt Debt-to-Equity RatioN/A Current Ratio4.57 Quick Ratio3.83 Sales & Book Value Annual Sales$404.07 million Price / Sales5.00 Cash Flow$0.87 per share Price / Cash Flow18.05 Book Value($0.69) per share Price / Book-22.75Miscellaneous Outstanding Shares128,590,000Free Float92,325,000Market Cap$2.02 billion OptionableOptionable Beta1.32 Key ExecutivesOakleigh B. ThorneChairman & Chief Executive OfficerSergio A. AguirrePresident & Chief Operating OfficerJessica BetjemannChief Financial Officer & Executive Vice PresidentMike SyversonSenior Vice President-Technology & OperationsKaren JacksonChief People Experience Officer & Executive VPKey CompetitorsEchoStarNASDAQ:SATSAST SpaceMobileNASDAQ:ASTSCalixNYSE:CALXCogent CommunicationsNASDAQ:CCOIHarmonicNASDAQ:HLITView All CompetitorsInstitutional OwnershipRoyce & Associates LPBought 17,746 shares on 5/23/2023Ownership: 0.014%Ameriprise Financial Inc.Sold 8,946 shares on 5/22/2023Ownership: 0.187%JPMorgan Chase & Co.Bought 25,820 shares on 5/18/2023Ownership: 0.660%New York State Common Retirement FundSold 11,129 shares on 5/18/2023Ownership: 0.356%Thrivent Financial for LutheransSold 2,255 shares on 5/17/2023Ownership: 0.050%View All Institutional Transactions GOGO Stock - Frequently Asked Questions Should I buy or sell Gogo stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GOGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOGO, but not buy additional shares or sell existing shares. View GOGO analyst ratings or view top-rated stocks. What is Gogo's stock price forecast for 2023? 1 brokers have issued 1 year price objectives for Gogo's shares. Their GOGO share price forecasts range from $15.00 to $26.00. On average, they predict the company's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price. View analysts price targets for GOGO or view top-rated stocks among Wall Street analysts. How have GOGO shares performed in 2023? Gogo's stock was trading at $14.76 at the beginning of the year. Since then, GOGO shares have increased by 6.4% and is now trading at $15.70. View the best growth stocks for 2023 here. When is Gogo's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023. View our GOGO earnings forecast. How were Gogo's earnings last quarter? Gogo Inc. (NASDAQ:GOGO) issued its quarterly earnings data on Wednesday, May, 3rd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The technology company earned $98.60 million during the quarter, compared to analysts' expectations of $101.26 million. Gogo had a negative trailing twelve-month return on equity of 77.87% and a net margin of 22.03%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. What ETFs hold Gogo's stock? ETFs with the largest weight of Gogo (NASDAQ:GOGO) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Telecom ETF (XTL), Roundhill IO Digital Infrastructure ETF (BYTE), Syntax Stratified SmallCap ETF (SSLY), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco S&P SmallCap Momentum ETF (XSMO), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and Vanguard Communication Services ETF (VOX). What guidance has Gogo issued on next quarter's earnings? Gogo updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $440.00 million-$455.00 million, compared to the consensus revenue estimate of $443.87 million. What is Oakleigh Thorne's approval rating as Gogo's CEO? 32 employees have rated Gogo Chief Executive Officer Oakleigh Thorne on Glassdoor.com. Oakleigh Thorne has an approval rating of 82% among the company's employees. What other stocks do shareholders of Gogo own? Based on aggregate information from My MarketBeat watchlists, some companies that other Gogo investors own include CA (CA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Endologix (ELGX), Chipotle Mexican Grill (CMG), BlackRock (BLK), Twitter (TWTR) and Intel (INTC). What is Gogo's stock symbol? Gogo trades on the NASDAQ under the ticker symbol "GOGO." Who are Gogo's major shareholders? Gogo's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.38%), FMR LLC (4.20%), State Street Corp (1.70%), William Blair Investment Management LLC (1.03%), Dimensional Fund Advisors LP (0.98%) and Geode Capital Management LLC (0.94%). Insiders that own company stock include (Equity) Holdings Lp Silver, Jessica Betjemann, John Wade, Marguerite M Elias, Michael P Bayer, Mudrick Capital Management, L and Robert L Crandall. View institutional ownership trends. How do I buy shares of Gogo? Shares of GOGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Gogo's stock price today? One share of GOGO stock can currently be purchased for approximately $15.70. How much money does Gogo make? Gogo (NASDAQ:GOGO) has a market capitalization of $2.02 billion and generates $404.07 million in revenue each year. The technology company earns $92.06 million in net income (profit) each year or $0.68 on an earnings per share basis. How many employees does Gogo have? The company employs 376 workers across the globe. How can I contact Gogo? Gogo's mailing address is 111 NORTH CANAL STREET SUITE 1500, CHICAGO IL, 60606. The official website for the company is www.gogoair.com. The technology company can be reached via phone at (303) 301-3271 or via email at ir@gogoair.com. This page (NASDAQ:GOGO) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Gogo Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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