Standpoint Research lowered shares of Gogo Inc. (NASDAQ:GOGO) from a buy rating to a hold rating in a research report sent to investors on Friday, Marketbeat Ratings reports.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Gogo from a hold rating to a buy rating and set a $14.00 price target for the company in a research note on Wednesday, May 3rd. Dougherty & Co boosted their price target on shares of Gogo from $16.00 to $17.50 and gave the stock a buy rating in a research note on Monday, May 1st. ValuEngine raised shares of Gogo from a sell rating to a hold rating in a research note on Tuesday, June 6th. Raymond James Financial, Inc. started coverage on shares of Gogo in a research note on Wednesday, May 31st. They set an outperform rating and a $15.00 price target for the company. Finally, BidaskClub downgraded shares of Gogo from a hold rating to a sell rating in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Gogo has an average rating of Buy and an average price target of $15.50.

Shares of Gogo (GOGO) traded down 2.29% during mid-day trading on Friday, reaching $12.82. 2,231,231 shares of the company were exchanged. The firm has a 50-day moving average price of $11.81 and a 200 day moving average price of $11.34. Gogo has a 12 month low of $8.28 and a 12 month high of $13.69. The stock’s market capitalization is $1.11 billion.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.07. The company had revenue of $172.80 million for the quarter, compared to analyst estimates of $167.63 million. Gogo’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted ($0.31) earnings per share. Equities research analysts anticipate that Gogo will post ($1.94) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Gogo by 2.1% in the first quarter. Vanguard Group Inc. now owns 4,488,838 shares of the technology company’s stock worth $49,378,000 after buying an additional 91,297 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of Gogo by 47.0% in the first quarter. Hodges Capital Management Inc. now owns 4,109,815 shares of the technology company’s stock worth $45,208,000 after buying an additional 1,314,245 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Gogo by 667.6% in the second 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 in the last quarter. Elk Creek Partners LLC boosted its position in shares of Gogo by 2.0% in the first quarter. Elk Creek Partners LLC now owns 1,779,289 shares of the technology company’s stock worth $19,572,000 after buying an additional 35,659 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Gogo by 3.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,032,600 shares of the technology company’s stock worth $11,906,000 after buying an additional 29,900 shares in the last quarter. Hedge funds and other institutional investors own 63.71% 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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