Gogo Inc. (NASDAQ:GOGO) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities analysts have also recently commented on GOGO. UBS AG restated a “buy” rating and set a $15.00 price target (up from $14.00) on shares of Gogo in a report on Friday, May 5th. Zacks Investment Research cut shares of Gogo from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Dougherty & Co boosted their price target on shares of Gogo from $17.50 to $19.00 and gave the company a “buy” rating in a report on Sunday, May 7th. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Gogo in a report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.75.

Gogo (NASDAQ:GOGO) traded up 1.42% during midday trading on Wednesday, hitting $12.12. The stock had a trading volume of 375,686 shares. The firm has a 50 day moving average price of $11.69 and a 200 day moving average price of $11.16. The stock’s market cap is $1.05 billion. Gogo has a one year low of $8.20 and a one year high of $13.69.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.52) EPS for the quarter, meeting the consensus estimate of ($0.52). The company had revenue of $165.41 million for the quarter, compared to analysts’ expectations of $160.04 million. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. Equities analysts expect that Gogo will post ($1.94) EPS for the current year.

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Large investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its stake in shares of Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock worth $107,000 after buying an additional 73 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Gogo by 1.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,775 shares of the technology company’s stock worth $141,000 after buying an additional 180 shares in the last quarter. Parkwood LLC boosted its stake in shares of Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock worth $122,000 after buying an additional 363 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Gogo by 12.3% in the first quarter. Legal & General Group Plc now owns 14,770 shares of the technology company’s stock worth $163,000 after buying an additional 1,612 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of Gogo by 7.1% in the first quarter. American International Group Inc. now owns 34,656 shares of the technology company’s stock worth $381,000 after buying an additional 2,294 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

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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