NASDAQ:GOGOGogo Stock Price, Forecast & News

Gogo's stock was trading at $2.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GOGO shares have increased by 26.5% and is now trading at $3.15.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Gogo is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
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Gogo Inc (NASDAQ:GOGO) released its quarterly earnings results on Monday, May, 11th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.10. The technology company had revenue of $184.50 million for the quarter, compared to analysts' expectations of $167.44 million. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS.
View Gogo's earnings history.

3 equities research analysts have issued 1-year target prices for Gogo's stock. Their forecasts range from $1.00 to $2.00. On average, they expect Gogo's stock price to reach $1.50 in the next twelve months. This suggests that the stock has a possible downside of 52.4%.
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Press coverage about GOGO stock has trended extremely negative on Monday, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Gogo earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Gogo.

Gogo saw a drop in short interest in July. As of July 15th, there was short interest totaling 20,090,000 shares, a drop of 8.3% from the June 30th total of 21,900,000 shares. Based on an average daily trading volume, of 2,550,000 shares, the short-interest ratio is presently 7.9 days. Currently, 38.8% of the company's stock are sold short.
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Some companies that are related to Gogo include Boingo Wireless (WIFI), ORBCOMM (ORBC), Remark (MARK), B Communications (BCOM), Ayro (AYRO), Intelsat (INTEQ), RigNet (RNET), Dropcar (DCAR), Lithium Co.. (LTUM), Global Eagle Entertainment (ENT), Plaintree Systems (PTEEF), Directview (DIRV), Towerstream (TWER), China Teletech (CNCT) and RadioIO (RAIO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Gogo investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Twitter (TWTR), Netflix (NFLX) and Transocean (RIG).

Gogo trades on the NASDAQ under the ticker symbol "GOGO."

Gogo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include SG Americas Securities LLC (0.74%), UBS Group AG (0.17%), Mission Wealth Management LP (0.07%), Raymond James Financial Services Advisors Inc. (0.02%), RFG Advisory LLC (0.01%) and XTX Markets LLC (0.01%). Company insiders that own Gogo stock include Charles C Townsend, Hugh W Jones, Michael P Bayer and Robert H Mundheim.
View institutional ownership trends for Gogo.

GOGO stock was sold by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for Gogo.

GOGO stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, UBS Group AG, Mission Wealth Management LP, RFG Advisory LLC, XTX Markets LLC, and Harel Insurance Investments & Financial Services Ltd.. Company insiders that have bought Gogo stock in the last two years include Charles C Townsend, Hugh W Jones, and Robert H Mundheim.
View insider buying and selling activity for Gogo.

Shares of GOGO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GOGO stock can currently be purchased for approximately $3.15.

Gogo has a market capitalization of $264.04 million and generates $835.73 million in revenue each year. The technology company earns $-146,000,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis. Gogo employs 1,115 workers across the globe.

The official website for Gogo is www.gogoair.com.

Gogo's mailing address is 111 NORTH CANAL STREET SUITE 1500, CHICAGO IL, 60606. The technology company can be reached via phone at 312-517-5000 or via email at [email protected]