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US to hold trade talks with Taiwan, island drills military
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is Sanofi A Buy, Despite Recent Stumbles?
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Global markets lower after Wall Street gains on jobs data
The Coming Copper Bull Run (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Closing prices for crude oil, gold and other commodities
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is Sanofi A Buy, Despite Recent Stumbles?
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Global markets lower after Wall Street gains on jobs data
The Coming Copper Bull Run (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Closing prices for crude oil, gold and other commodities
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is Sanofi A Buy, Despite Recent Stumbles?
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Global markets lower after Wall Street gains on jobs data
The Coming Copper Bull Run (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Closing prices for crude oil, gold and other commodities
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is Sanofi A Buy, Despite Recent Stumbles?
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Global markets lower after Wall Street gains on jobs data
The Coming Copper Bull Run (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Closing prices for crude oil, gold and other commodities
NASDAQ:GOGO

Gogo - GOGO Stock Forecast, Price & News

$17.14
-0.16 (-0.92%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.13
$17.35
50-Day Range
$14.92
$19.10
52-Week Range
$11.73
$23.69
Volume
291,334 shs
Average Volume
590,961 shs
Market Capitalization
$2.21 billion
P/E Ratio
8.44
Dividend Yield
N/A
Price Target
$20.40

Gogo MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
19.0% Upside
$20.40 Price Target
Short Interest
Healthy
10.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Gogo in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$722,180 Sold Last Quarter
Proj. Earnings Growth
18.46%
From $0.65 to $0.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Computer And Technology Sector

187th out of 660 stocks

Communication Services, Not Elsewhere Classified Industry

4th out of 9 stocks

GOGO stock logo

About Gogo (NASDAQ:GOGO) Stock

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 Price Performance

Gogo stock traded down $0.16 during midday trading on Thursday, reaching $17.14. The company's stock had a trading volume of 291,334 shares, compared to its average volume of 1,057,434. The stock has a market capitalization of $2.21 billion, a P/E ratio of 8.44 and a beta of 1.08. The stock's 50-day simple moving average is $16.54 and its 200-day simple moving average is $17.26. Gogo has a 52-week low of $11.73 and a 52-week high of $23.69.

Gogo (NASDAQ:GOGO - Get Rating) last released its earnings results on Friday, August 5th. The technology company reported $0.17 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 company had revenue of $97.84 million during the quarter, compared to analysts' expectations of $95.26 million. As a group, equities research analysts expect that Gogo will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cowen upped their price objective on shares of Gogo to $26.00 in a research note on Monday. TheStreet raised shares of Gogo from a "d" rating to a "c" rating in a research note on Tuesday, May 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Gogo currently has an average rating of "Hold" and a consensus target price of $20.40.

Insider Activity at Gogo

In other news, CAO Jessica Betjemann sold 8,000 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 25,528 shares in the company, valued at $505,709.68. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $18.79, for a total value of $563,700.00. Following the sale, the executive vice president now directly owns 54,791 shares of the company's stock, valued at $1,029,522.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jessica Betjemann sold 8,000 shares of Gogo stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $19.81, for a total value of $158,480.00. Following the transaction, the chief accounting officer now 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 owned by insiders.

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GOGO Stock News Headlines

Gogo (NASDAQ:GOGO) PT Raised to $26.00
Gogo (GOGO) Set to Announce Earnings on Friday
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GOGO Company Calendar

Last Earnings
8/05/2022
Today
8/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:GOGO
Fax
N/A
Employees
376
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.40
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+19.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$152.74 million
Pretax Margin
23.83%

Debt

Sales & Book Value

Annual Sales
$335.72 million
Cash Flow
$0.47 per share
Book Value
($1.13) per share

Miscellaneous

Free Float
92,398,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
1.08

Key Executives

  • Mr. Oakleigh Thorne (Age 64)
    Chairman & CEO
    Comp: $1.75M
  • Mr. Sergio A. Aguirre (Age 58)
    Pres & COO
    Comp: $770.74k
  • Mr. Barry L. Rowan (Age 65)
    CFO & Exec. VP
    Comp: $1.07M
  • Ms. Marguerite M. Elias (Age 68)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $732.63k
  • Ms. Karen Jackson (Age 52)
    Exec. VP & Chief People Experience Officer
    Comp: $659.95k
  • Ms. Jessica Betjemann (Age 50)
    Sr. VP of Fin. & Accounting and Chief Accounting Officer
  • Mr. William G. Davis Jr. (Age 49)
    VP of Investor Relations
  • Ms. Melissa Hale
    Sr. VP of Product & Marketing
  • Mr. Andrew E. Geist
    Sr. VP of Bus. Aviation Solutions
  • Mr. Gustavo Nader
    Chief Strategy Officer













GOGO Stock - Frequently Asked Questions

Should I buy or sell Gogo stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

4 Wall Street research analysts have issued 1 year target prices for Gogo's stock. Their GOGO share price forecasts range from $14.00 to $26.00. On average, they predict the company's stock price to reach $20.40 in the next twelve months. This suggests a possible upside of 19.0% 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 2022?

Gogo's stock was trading at $13.53 at the beginning of the year. Since then, GOGO shares have increased by 26.7% and is now trading at $17.14.
View the best growth stocks for 2022 here
.

When is Gogo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GOGO earnings forecast
.

How were Gogo's earnings last quarter?

Gogo Inc. (NASDAQ:GOGO) issued its quarterly earnings data on Friday, August, 5th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The technology company had revenue of $97.84 million for the quarter, compared to analysts' expectations of $95.26 million. Gogo had a net margin of 74.01% and a negative trailing twelve-month return on equity of 26.15%.

What guidance has Gogo issued on next quarter's earnings?

Gogo updated its FY 2022 earnings guidance on Friday, August, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.00 million-$400.00 million, compared to the consensus revenue estimate of $395.85 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 shareholders include FMR LLC (2.52%), State Street Corp (1.71%), Capco Asset Management LLC (1.15%), William Blair Investment Management LLC (0.84%), Renaissance Technologies LLC (0.70%) and Sycale Advisors NY LLC (0.55%). Insiders that own company stock include (Equity) Holdings Lp Silver, Charles C Townsend, Hugh W Jones, Jessica Betjemann, John Wade, Marguerite M Elias, Michael P Bayer, Mudrick Capital Management, L, Robert H Mundheim 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 $17.14.

How much money does Gogo make?

Gogo (NASDAQ:GOGO) has a market capitalization of $2.21 billion and generates $335.72 million in revenue each year. The technology company earns $152.74 million in net income (profit) each year or $2.03 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 8/19/2022 by MarketBeat.com Staff

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