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.
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).
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