Gogo - GOGO Stock Forecast, Price & News

Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services. It also offers suite of integrated equipment, network, and internet connectivity products and services, as well as includes suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. In addition, the company portfolio comprises of in-flight network, in-flight systems, in-flight services, aviation partner support, and production operations functions. Further, the company offers satellite-based voice and data services. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.

Gogo Stock Up 0.5 %

GOGO Stock traded up $0.08 during trading hours on Wednesday, hitting $17.30. The company's stock had a trading volume of 421,389 shares, compared to its average volume of 1,062,281. The company has a market capitalization of $2.23 billion, a PE ratio of 8.52 and a beta of 1.08. The stock has a 50 day moving average price of $16.54 and a two-hundred day moving average price of $17.26. Gogo has a 12 month low of $11.73 and a 12 month high of $23.69.

Gogo (NASDAQ:GOGO - Get Rating) last issued its quarterly earnings data on Friday, August 5th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Gogo had a net margin of 74.01% and a negative return on equity of 26.15%. The firm had revenue of $97.84 million during the quarter, compared to analysts' expectations of $95.26 million. Sell-side analysts expect that Gogo will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOGO has been the subject of a number of research analyst reports. Cowen increased their target price on shares of Gogo to $26.00 in a research report on Monday. TheStreet upgraded Gogo from a "d" rating to a "c" rating in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.40.

Insider Activity

In related news, CAO Jessica Betjemann sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $19.81, for a total value of $158,480.00. Following the completion of the sale, the chief accounting officer now directly owns 25,528 shares in the company, valued at approximately $505,709.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Marguerite M. Elias sold 30,000 shares of the firm's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $18.79, for a total value of $563,700.00. Following the transaction, the executive vice president now directly owns 54,791 shares in the company, valued at approximately $1,029,522.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jessica Betjemann sold 8,000 shares of the business's stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $19.81, for a total transaction of $158,480.00. Following the transaction, the chief accounting officer now directly owns 25,528 shares of the company's stock, valued at approximately $505,709.68. The disclosure for this sale can be found here. 28.20% of the stock is currently owned by insiders.