ValuEngine downgraded shares of Gogo Inc. (NASDAQ:GOGO) from a hold rating to a sell rating in a research note released on Thursday.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Gogo from a hold rating to a buy rating in a research note on Saturday, August 5th. Guggenheim reissued a buy rating and issued a $16.00 target price on shares of Gogo in a research note on Monday, October 9th. Zacks Investment Research raised shares of Gogo from a strong sell rating to a hold rating in a research note on Tuesday, October 24th. Finally, Standpoint Research downgraded shares of Gogo from a buy rating to a hold rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $14.35.
Gogo (GOGO) traded down $0.20 during trading hours on Thursday, reaching $8.75. 3,271,757 shares of the company’s stock were exchanged, compared to its average volume of 1,433,969. The company has a debt-to-equity ratio of -7.56, a quick ratio of 1.82 and a current ratio of 2.01.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.06). The business had revenue of $172.87 million for the quarter, compared to the consensus estimate of $172.92 million. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.42) earnings per share. equities analysts expect that Gogo will post -2.06 EPS for the current year.
WARNING: “Gogo Inc. (GOGO) Lowered to Sell at ValuEngine” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/11/05/gogo-inc-gogo-lowered-to-sell-at-valuengine.html.
Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Gogo during the 1st quarter valued at $114,000. Parkwood LLC grew its holdings in Gogo by 16.2% during the 2nd quarter. Parkwood LLC now owns 12,888 shares of the technology company’s stock valued at $149,000 after purchasing an additional 1,799 shares in the last quarter. Verition Fund Management LLC grew its holdings in Gogo by 37.3% during the 2nd quarter. Verition Fund Management LLC now owns 14,599 shares of the technology company’s stock valued at $168,000 after purchasing an additional 3,963 shares in the last quarter. Legal & General Group Plc grew its holdings in Gogo by 12.3% during the 1st quarter. Legal & General Group Plc now owns 14,770 shares of the technology company’s stock valued at $163,000 after purchasing an additional 1,612 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in Gogo during the 2nd quarter valued at $172,000. 66.60% of the stock is currently owned by institutional investors and hedge funds.
Gogo Company Profile
Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
What are top analysts saying about Gogo Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Gogo Inc. and related companies.