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

A number of analysts have recently commented on GOGO shares. William Blair reiterated a “buy” rating on shares of Gogo in a research report on Monday, June 6th. Zacks Investment Research cut Gogo from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Standpoint Research assumed coverage on Gogo in a research report on Thursday, June 23rd. They issued a “buy” rating and a $14.00 price target on the stock. 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 report on Thursday, July 28th. Finally, JPMorgan Chase & Co. dropped their price target on Gogo from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.20.

The stock’s 50-day moving average is $10.14 and its 200 day moving average is $10.19. The company’s market cap is $1.05 billion.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.11. The company earned $147.50 million during the quarter, compared to analysts’ expectations of $141.46 million. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) EPS. On average, equities analysts expect that Gogo Inc. will post ($1.52) earnings per share for the current fiscal year.

In related news, Director Charles C. Townsend purchased 200,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $10.73 per share, for a total transaction of $2,146,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Small purchased 50,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average price of $10.37 per share, with a total value of $518,500.00. Following the completion of the acquisition, the insider now owns 244,832 shares in the company, valued at approximately $2,538,907.84. 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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