Guggenheim reissued their buy rating on shares of Gogo Inc. (NASDAQ:GOGO) in a report published on Monday. The firm currently has a $16.00 target price on the technology company’s stock.

A number of other equities analysts also recently commented on GOGO. ValuEngine downgraded shares of Gogo from a hold rating to a sell rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Gogo from a buy rating to a hold rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Gogo from a hold rating to a sell rating in a report on Monday, August 7th. Standpoint Research downgraded shares of Gogo from a buy rating to a hold rating in a report on Friday, August 4th. Finally, Northland Securities assumed coverage on shares of Gogo in a report on Tuesday, September 19th. They issued an under perform rating and a $6.75 price objective for the company. Three research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Gogo has a consensus rating of Hold and a consensus target price of $14.35.

Shares of Gogo (GOGO) opened at 11.34 on Monday. The stock’s market cap is $983.34 million. The company has a 50-day moving average of $13.06 and a 200 day moving average of $12.37. Gogo has a 52-week low of $8.56 and a 52-week high of $14.76.

Gogo (NASDAQ:GOGO) last released its quarterly earnings data on Monday, August 7th. The technology company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.07). The business had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $167.63 million. Gogo’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) earnings per share. Equities research analysts forecast 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 the business. Parametric Portfolio Associates LLC lifted its stake 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 during the last quarter. Legal & General Group Plc lifted its stake 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 during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Gogo by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 47,904 shares of the technology company’s stock valued at $552,000 after buying an additional 1,407 shares during the last quarter. Rhumbline Advisers lifted its stake in Gogo by 2.5% in the second quarter. Rhumbline Advisers now owns 63,396 shares of the technology company’s stock valued at $731,000 after buying an additional 1,529 shares during the last quarter. Finally, Parkwood LLC lifted its stake in Gogo by 16.2% in the second quarter. Parkwood LLC now owns 12,888 shares of the technology company’s stock valued at $149,000 after buying an additional 1,799 shares during the last quarter. Institutional investors own 66.51% 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)

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