Shares of Gogo Inc. (NASDAQ:GOGO) reached a new 52-week high during trading on Tuesday . The company traded as high as $14.15 and last traded at $14.15, with a volume of 588,629 shares changing hands. The stock had previously closed at $13.89.

GOGO has been the subject of a number of research reports. BidaskClub upgraded Gogo from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Standpoint Research lowered Gogo from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised Gogo from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. began coverage on Gogo in a report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gogo presently has an average rating of “Buy” and a consensus price target of $15.40.

The company’s market capitalization is $1.25 billion. The stock’s 50 day moving average is $12.92 and its 200-day moving average is $12.07.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Monday, August 7th. The technology company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by $0.07. The company had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $167.63 million. During the same period in the previous year, the company posted ($0.31) EPS. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts expect that Gogo Inc. will post ($2.02) EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its stake in shares of Gogo by 1.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 12,775 shares of the technology company’s stock valued at $141,000 after purchasing an additional 180 shares in the last quarter. Parkwood LLC increased its stake in shares of Gogo by 3.4% in the 1st quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock valued at $122,000 after purchasing an additional 363 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Gogo by 2.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 22,953 shares of the technology company’s stock valued at $265,000 after purchasing an additional 476 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Gogo by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 15,326 shares of the technology company’s stock valued at $178,000 after purchasing an additional 556 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Gogo by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,904 shares of the technology company’s stock valued at $552,000 after purchasing an additional 1,407 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

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About Gogo

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. 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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