Gogo (GOGO) PT Set at $6.00 by Northland Securities

Northland Securities set a $6.00 price objective on Gogo (NASDAQ:GOGO) in a report released on Friday. The firm currently has a sell rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. William Blair reiterated a buy rating on shares of Gogo in a research note on Thursday, February 15th. Zacks Investment Research raised shares of Gogo from a sell rating to a hold rating in a report on Thursday, February 1st. ValuEngine raised shares of Gogo from a sell rating to a hold rating in a report on Sunday, December 31st. JPMorgan Chase & Co. downgraded shares of Gogo from an overweight rating to a neutral rating in a report on Friday. Finally, BidaskClub downgraded shares of Gogo from a hold rating to a sell rating in a report on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Gogo has an average rating of Hold and an average target price of $14.20.

Shares of Gogo (NASDAQ:GOGO) traded down $0.25 on Friday, reaching $8.88. 3,220,000 shares of the company’s stock were exchanged, compared to its average volume of 1,241,213. The company has a quick ratio of 2.02, a current ratio of 2.20 and a debt-to-equity ratio of -6.40. The company has a market capitalization of $792.89, a PE ratio of -4.09 and a beta of 1.45. Gogo has a twelve month low of $8.52 and a twelve month high of $14.76.

Gogo (NASDAQ:GOGO) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.04). The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $181.44 million. During the same quarter in the previous year, the business earned ($0.34) earnings per share. Gogo’s quarterly revenue was up 17.5% on a year-over-year basis. research analysts forecast that Gogo will post -1.79 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in GOGO. HighPoint Advisor Group LLC purchased a new stake in shares of Gogo in the fourth quarter worth $115,000. Millennium Management LLC bought a new position in Gogo during the fourth quarter valued at $115,000. FNY Managed Accounts LLC bought a new position in Gogo during the fourth quarter valued at $125,000. Pinnacle Associates Ltd. bought a new position in Gogo during the fourth quarter valued at $127,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Gogo by 135.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,101 shares of the technology company’s stock valued at $159,000 after purchasing an additional 8,100 shares during the last quarter. 74.23% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Gogo (NASDAQ:GOGO)

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