Gogo Inc. (NASDAQ:GOGO)’s share price traded down 3.7% on Monday . The company traded as low as $8.44 and last traded at $8.51, with a volume of 619,096 shares. The stock had previously closed at $8.84.

A number of equities analysts recently weighed in on the stock. Standpoint Research assumed coverage on shares of Gogo in a research note on Thursday, June 23rd. They issued a “buy” rating and a $14.00 target price for the company. Zacks Investment Research lowered shares of Gogo from a “hold” rating to a “sell” rating in a research note on Tuesday. Dougherty & Co reduced their target price on shares of Gogo from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Finally, William Blair reaffirmed a “buy” rating on shares of Gogo in a research note on Monday, June 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Gogo has a consensus rating of “Hold” and an average target price of $13.00.

The company has a 50-day moving average price of $8.85 and a 200-day moving average price of $11.05. The firm’s market capitalization is $710.00 million.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Friday, May 6th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.11. The business had revenue of $141.70 million for the quarter, compared to analyst estimates of $138.04 million. During the same quarter last year, the firm posted ($0.24) EPS. Gogo’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts anticipate that Gogo Inc. will post ($1.45) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. Hodges Capital Management Inc. increased its position in shares of Gogo by 13.4% in the fourth quarter. Hodges Capital Management Inc. now owns 1,950,115 shares of the company’s stock worth $34,712,000 after buying an additional 230,640 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Gogo by 9.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 680,322 shares of the company’s stock worth $12,110,000 after buying an additional 56,500 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Gogo by 21.4% in the fourth quarter. New York State Common Retirement Fund now owns 280,565 shares of the company’s stock worth $4,994,000 after buying an additional 49,519 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Gogo by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 104,072 shares of the company’s stock worth $1,852,000 after buying an additional 1,768 shares in the last quarter. Finally, Whitebox Advisors LLC increased its position in shares of Gogo by 26.9% in the fourth quarter. Whitebox Advisors LLC now owns 81,776 shares of the company’s stock worth $1,456,000 after buying an additional 17,351 shares in the last quarter.

Gogo Inc is a holding company. The Company is a provider of in-flight connectivity and wireless entertainment solutions for the aviation industry across the world. 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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