Gogo Inc. (NASDAQ:GOGO) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently weighed in on GOGO. Dougherty & Co boosted their target price on shares of Gogo from $16.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Gogo from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, May 3rd. UBS AG restated a “buy” rating and set a $15.00 target price (up from $14.00) on shares of Gogo in a report on Friday, May 5th. Raymond James Financial, Inc. initiated coverage on shares of Gogo in a report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 target price on the stock. Finally, ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Gogo presently has an average rating of “Buy” and an average target price of $15.50.

Gogo (GOGO) opened at 13.81 on Friday. The firm’s market cap is $1.20 billion. Gogo has a 12-month low of $8.56 and a 12-month high of $13.93. The company’s 50 day moving average is $12.41 and its 200 day moving average is $11.78.

Gogo (NASDAQ:GOGO) last issued its 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. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) EPS. On average, equities analysts anticipate that Gogo will post ($2.02) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/28/gogo-inc-gogo-rating-increased-to-strong-buy-at-bidaskclub.html.

Several institutional investors have recently added to or reduced their stakes in GOGO. Guggenheim Capital LLC increased its position in Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock valued at $107,000 after buying an additional 73 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Gogo by 1.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,775 shares of the technology company’s stock valued at $141,000 after buying an additional 180 shares in the last quarter. Parkwood LLC increased its position in Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock valued at $122,000 after buying an additional 363 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Gogo by 2.1% in the second quarter. Parametric Portfolio Associates LLC now owns 22,953 shares of the technology company’s stock valued at $265,000 after buying an additional 476 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Gogo by 3.8% in the second quarter. Legal & General Group Plc now owns 15,326 shares of the technology company’s stock valued at $178,000 after buying an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Gogo Company Profile

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.