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 Trading Up 1.3 %

Shares of NASDAQ:GOGO opened at $17.29 on Tuesday. The stock has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $17.26. The company has a market cap of $2.23 billion, a PE ratio of 8.52 and a beta of 1.08. Gogo has a 12-month low of $11.73 and a 12-month high of $23.69.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOGO shares. Cowen upped their target price on Gogo to $26.00 in a report on Monday. TheStreet upgraded Gogo from a "d" rating to a "c" rating in a research report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.40.

Insiders Place Their Bets

In other Gogo news, CAO Jessica Betjemann sold 8,000 shares of the company'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 $505,709.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gogo news, EVP Marguerite M. Elias sold 30,000 shares of the company's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $18.79, for a total value of $563,700.00. Following the transaction, the executive vice president now owns 54,791 shares of the company's stock, valued at $1,029,522.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jessica Betjemann sold 8,000 shares of the company's stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $19.81, for a total value of $158,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,528 shares in the company, 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.