Insider Buying: Oakleigh Thorne Buys 8,298 Shares of Gogo Stock (GOGO)
Gogo (NASDAQ:GOGO) Director Oakleigh Thorne purchased 8,298 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $14.56 per share, with a total value of $120,818.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Gogo (NASDAQ:GOGO) traded up 6.82% on Friday, hitting $15.81. 2,678,014 shares of the company’s stock traded hands. Gogo has a 52-week low of $9.71 and a 52-week high of $35.77. The stock has a 50-day moving average of $16.76 and a 200-day moving average of $18.4. The company’s market cap is $1.347 billion.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.23) by $0.01. The company had revenue of $99.50 million for the quarter, compared to the consensus estimate of $99.40 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts predict that Gogo will post $-0.93 earnings per share for the current fiscal year.
GOGO has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Gogo in a research note on Tuesday, June 17th. They set a “neutral” rating and a $21.00 price target on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Gogo in a research note on Friday, June 13th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.33.
Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC.
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