Gogo Inc. (NASDAQ:GOGO) shares were down 1.1% during trading on Friday . The stock traded as low as $12.35 and last traded at $12.39, with a volume of 422,710 shares trading hands. The stock had previously closed at $12.53.

A number of analysts have recently issued reports on GOGO shares. Dougherty & Co raised their price objective on Gogo from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, May 9th. Zacks Investment Research cut Gogo from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. William Blair reaffirmed a “buy” rating on shares of Gogo in a research report on Monday, June 6th. Standpoint Research started coverage on Gogo in a research report on Thursday, June 23rd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Gogo from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Gogo currently has a consensus rating of “Hold” and a consensus target price of $13.60.

The stock’s market cap is $1.06 billion. The firm has a 50-day moving average price of $10.34 and a 200 day moving average price of $10.22.

Gogo (NASDAQ:GOGO) last issued its earnings results on Thursday, August 4th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.11. During the same period last 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. Gogo’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities research analysts expect that Gogo Inc. will post ($1.52) EPS for the current year.

In related news, Director Charles C. Townsend acquired 52,867 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average cost of $11.84 per share, with a total value of $625,945.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert H. Mundheim acquired 8,500 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were bought at an average cost of $11.53 per share, with a total value of $98,005.00. 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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