Shares of Gogo Inc. (NASDAQ:GOGO) saw strong trading volume on Monday . 1,233,112 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 1,183,636 shares.The stock last traded at $11.01 and had previously closed at $10.28.

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Gogo from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Investment Research cut Gogo from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Dougherty & Co increased their price objective on Gogo from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, May 9th. William Blair reiterated a “buy” rating on shares of Gogo in a research note on Monday, June 6th. Finally, Morgan Stanley dropped their price objective on Gogo from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Gogo currently has a consensus rating of “Hold” and a consensus price target of $13.20.

The firm’s market capitalization is $916.05 million. The firm’s 50 day moving average price is $8.61 and its 200 day moving average price is $10.42.

Gogo (NASDAQ:GOGO) last posted its earnings results on Thursday, August 4th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.11. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The company earned $147.50 million during the quarter, compared to analyst estimates of $141.46 million. The company’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts predict that Gogo Inc. will post ($1.53) EPS for the current year.

Several hedge funds and institutional investors have bought and sold shares of GOGO. Whitebox Advisors LLC raised its position in 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 during the last quarter. California State Teachers Retirement System raised its position in 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 during the last quarter. New York State Common Retirement Fund raised its position in 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 during the last quarter. Finally, Hodges Capital Management Inc. raised its position in 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 during 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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