Shares of Gogo Inc. (NASDAQ:GOGO) traded up 13.4% during mid-day trading on Thursday . The stock traded as high as $9.59 and last traded at $9.55, with a volume of 2,672,997 shares changing hands. The stock had previously closed at $8.42.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Gogo from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Dougherty & Co lifted their price target on Gogo from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, May 9th. William Blair reissued a “buy” rating on shares of Gogo in a research note on Monday, June 6th. Morgan Stanley dropped their price target on Gogo from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, July 28th. Finally, Standpoint Research assumed coverage on Gogo in a research note on Thursday, June 23rd. They issued a “buy” rating and a $14.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.25.

The firm’s 50-day moving average is $8.44 and its 200 day moving average is $10.51. The company’s market capitalization is $838.93 million.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.11. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $141.46 million. During the same quarter last year, the company posted ($0.32) earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, equities analysts expect that Gogo Inc. will post ($1.47) earnings per share for the current fiscal year.

Other hedge funds have modified their holdings of the company. Hodges Capital Management Inc. boosted 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. Whitebox Advisors LLC boosted 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. New York State Common Retirement Fund boosted 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. Finally, California State Teachers Retirement System boosted 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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