Gogo (GOGO) Research Coverage Started at Roth Capital

Roth Capital assumed coverage on shares of Gogo (NASDAQ:GOGO) in a research report released on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $10.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Gogo from a hold rating to a buy rating and set a $4.25 price objective for the company in a research report on Thursday, January 17th. BidaskClub upgraded Gogo from a sell rating to a hold rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Gogo presently has an average rating of Buy and an average target price of $7.04.

Shares of GOGO stock opened at $5.98 on Monday. Gogo has a 12 month low of $2.64 and a 12 month high of $7.82. The company has a market capitalization of $525.03 million, a price-to-earnings ratio of -3.27 and a beta of 1.35.



Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.31. The firm had revenue of $199.55 million during the quarter, compared to the consensus estimate of $198.00 million. During the same quarter in the prior year, the business posted ($0.34) EPS. Gogo’s revenue was down 13.9% compared to the same quarter last year. On average, sell-side analysts expect that Gogo will post -1.97 earnings per share for the current fiscal year.

In related news, Director Charles C. Townsend bought 277,405 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was acquired at an average price of $4.36 per share, for a total transaction of $1,209,485.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles C. Townsend bought 64,389 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $5.48 per share, with a total value of $352,851.72. The disclosure for this purchase can be found here. 36.20% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Pinnacle Associates Ltd. bought a new position in shares of Gogo during the 4th quarter worth approximately $46,000. Intersect Capital LLC bought a new position in shares of Gogo during the 1st quarter worth approximately $90,000. Oppenheimer & Co. Inc. bought a new position in shares of Gogo during the 1st quarter worth approximately $108,000. MetLife Investment Advisors LLC bought a new position in shares of Gogo during the 1st quarter worth approximately $121,000. Finally, HighPoint Advisor Group LLC lifted its position in shares of Gogo by 49.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 34,747 shares of the technology company’s stock worth $179,000 after buying an additional 11,505 shares during the period. Institutional investors and hedge funds own 57.61% of the company’s stock.

Gogo Company Profile

Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).

Featured Article: Recession

Analyst Recommendations for Gogo (NASDAQ:GOGO)

Receive News & Ratings for Gogo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo and related companies with MarketBeat.com's FREE daily email newsletter.