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.

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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.

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).

Analyst Recommendations for Gogo (NASDAQ:GOGO)

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