Shares of Gogo Inc. (NASDAQ:GOGO) were up 4% during trading on Wednesday . The company traded as high as $8.61 and last traded at $8.59, with a volume of 586,260 shares traded. The stock had previously closed at $8.26.

Several research firms have recently weighed in on GOGO. William Blair reissued a “buy” rating on shares of Gogo in a research report on Monday, June 6th. Zacks Investment Research downgraded shares of Gogo from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Standpoint Research began coverage on shares of Gogo in a research report on Thursday, June 23rd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Dougherty & Co lifted their target price on shares of Gogo from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, May 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Gogo presently has an average rating of “Hold” and an average target price of $13.00.

The company’s 50-day moving average price is $8.78 and its 200 day moving average price is $11.03. The company’s market cap is $736.64 million.

Gogo (NASDAQ:GOGO) last released its earnings results on Friday, May 6th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.11. The firm earned $141.70 million during the quarter, compared to the consensus estimate of $138.04 million. During the same period in the prior year, the business posted ($0.24) earnings per share. Gogo’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts anticipate that Gogo Inc. will post ($1.45) EPS for the current fiscal year.

A number of large investors have made changes to their positions in the stock. Hodges Capital Management Inc. increased its stake 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 valued at $34,712,000 after buying an additional 230,640 shares in the last quarter. Gamco Investors INC. ET AL increased its stake 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 valued at $12,110,000 after buying an additional 56,500 shares in the last quarter. New York State Common Retirement Fund increased its stake 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 valued at $4,994,000 after buying an additional 49,519 shares in the last quarter. Whitebox Advisors LLC increased its stake in shares of Gogo by 26.9% in the fourth quarter. Whitebox Advisors LLC now owns 81,776 shares of the company’s stock valued at $1,456,000 after buying an additional 17,351 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake 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 valued at $1,852,000 after buying an additional 1,768 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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