Gogo Inc. (GOGO) Coverage Initiated by Analysts at Northland Securities
Stock analysts at Northland Securities started coverage on shares of Gogo Inc. (NASDAQ:GOGO) in a report issued on Tuesday. The brokerage set an “under perform” rating and a $6.75 price target on the technology company’s stock. Northland Securities’ price objective indicates a potential downside of 52.46% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Gogo from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Raymond James Financial, Inc. started coverage on Gogo in a research report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 target price on the stock. ValuEngine upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub cut Gogo from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Standpoint Research cut Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.96.
Gogo (NASDAQ GOGO) traded down 5.317% during trading on Tuesday, hitting $13.445. The stock had a trading volume of 628,729 shares. The company’s market cap is $1.17 billion. Gogo has a 52-week low of $8.56 and a 52-week high of $14.76. The firm’s 50-day moving average price is $13.41 and its 200-day moving average price is $12.32.
Gogo (NASDAQ:GOGO) last posted its earnings results on Monday, August 7th. The technology company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.07). The firm had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $167.63 million. During the same quarter in the previous year, the business earned ($0.31) EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts predict that Gogo will post ($2.02) EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Gogo Inc. (GOGO) Coverage Initiated by Analysts at Northland Securities” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/19/gogo-inc-gogo-coverage-initiated-at-northland-securities.html.
A number of hedge funds have recently bought and sold shares of GOGO. Harbour Capital Advisors LLC boosted its holdings in Gogo by 667.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,296,811 shares of the technology company’s stock worth $199,203,000 after buying an additional 1,997,608 shares during the last quarter. Quantitative Investment Management LLC boosted its holdings in Gogo by 1,187.5% in the 2nd quarter. Quantitative Investment Management LLC now owns 288,400 shares of the technology company’s stock worth $3,325,000 after buying an additional 266,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Gogo in the 2nd quarter worth about $1,798,000. Numeric Investors LLC acquired a new stake in Gogo in the 2nd quarter worth about $1,444,000. Finally, Vanguard Group Inc. boosted its holdings in Gogo by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,603,405 shares of the technology company’s stock worth $53,077,000 after buying an additional 114,567 shares during the last quarter. Institutional investors own 66.51% of the company’s stock.
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).
Receive News & Ratings for Gogo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.