Shares of Gogo Inc. (NASDAQ:GOGO) have been given an average rating of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.35.

Several analysts have commented on the stock. Northland Securities assumed coverage on shares of Gogo in a report on Tuesday, September 19th. They set an “under perform” rating and a $6.75 target price on the stock. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Gogo from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Guggenheim reiterated a “buy” rating and issued a $16.00 price objective on shares of Gogo in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th.

In other Gogo news, insider Michael Small acquired 100,000 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $8.79 per share, for a total transaction of $879,000.00. Following the completion of the acquisition, the insider now directly owns 398,224 shares of the company’s stock, valued at $3,500,388.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 37.30% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC grew its stake in shares of Gogo by 2.1% in the second quarter. Parametric Portfolio Associates LLC now owns 22,953 shares of the technology company’s stock valued at $265,000 after buying an additional 476 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Gogo by 3.8% in the second quarter. Legal & General Group Plc now owns 15,326 shares of the technology company’s stock valued at $178,000 after buying an additional 556 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Gogo by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 47,904 shares of the technology company’s stock valued at $552,000 after buying an additional 1,407 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Gogo by 2.5% in the second quarter. Rhumbline Advisers now owns 63,396 shares of the technology company’s stock valued at $731,000 after buying an additional 1,529 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Gogo by 9.5% in the second quarter. Voya Investment Management LLC now owns 27,707 shares of the technology company’s stock valued at $319,000 after buying an additional 2,393 shares in the last quarter. 69.94% of the stock is owned by institutional investors and hedge funds.

Shares of Gogo (GOGO) traded down $0.51 during mid-day trading on Thursday, reaching $10.64. 1,117,100 shares of the company’s stock traded hands, compared to its average volume of 1,043,383. The company has a debt-to-equity ratio of -6.40, a quick ratio of 2.02 and a current ratio of 2.20. Gogo has a 52-week low of $8.56 and a 52-week high of $14.76.

Gogo (NASDAQ:GOGO) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.06). The business had revenue of $172.87 million for the quarter, compared to analysts’ expectations of $172.92 million. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.42) EPS. analysts forecast that Gogo will post -2.11 EPS for the current year.

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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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