Shares of Gogo Inc. (NASDAQ:GOGO) were up 2.5% on Tuesday . The company traded as high as $12.21 and last traded at $12.11, with a volume of 497,425 shares trading hands. The stock had previously closed at $11.81.

A number of analysts recently weighed in on GOGO shares. 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. Zacks Investment Research downgraded Gogo from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. JPMorgan Chase & Co. decreased their price target on Gogo from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. Morgan Stanley reduced their price objective on Gogo from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, July 28th. Finally, William Blair reaffirmed a “buy” rating on shares of Gogo in a report on Monday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.20.

The stock has a 50-day moving average of $9.95 and a 200 day moving average of $10.19. The stock’s market capitalization is $1.04 billion.

Gogo (NASDAQ:GOGO) last announced its quarterly 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. The firm earned $147.50 million during the quarter, compared to analyst estimates of $141.46 million. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) EPS. Equities analysts predict that Gogo Inc. will post ($1.52) EPS for the current year.

In related news, insider Michael Small purchased 50,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $10.37 per share, for a total transaction of $518,500.00. Following the transaction, the insider now owns 244,832 shares of the company’s stock, valued at $2,538,907.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles C. Townsend purchased 200,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $10.73 per share, for a total transaction of $2,146,000.00. The disclosure for this purchase can be found here.

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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