Gogo Inflight Internet (GOGO) Receives $13.80 Average Price Target from Analysts
Gogo Inflight Internet (NASDAQ:GOGO) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.80.
GOGO has been the topic of several recent research reports. Zacks Investment Research cut shares of Gogo Inflight Internet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. William Blair reaffirmed a “buy” rating on shares of Gogo Inflight Internet in a research note on Thursday, February 15th. Morgan Stanley reaffirmed a “sell” rating on shares of Gogo Inflight Internet in a research note on Tuesday, March 6th. BidaskClub raised shares of Gogo Inflight Internet from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, JPMorgan Chase cut shares of Gogo Inflight Internet from an “overweight” rating to a “neutral” rating in a research note on Friday, February 23rd.
Gogo Inflight Internet stock traded up $0.22 during trading on Wednesday, reaching $9.25. The company had a trading volume of 261,484 shares, compared to its average volume of 1,045,116. Gogo Inflight Internet has a 1-year low of $8.02 and a 1-year high of $14.76. The stock has a market capitalization of $784.20, a P/E ratio of -4.23 and a beta of 1.45. The company has a debt-to-equity ratio of -5.22, a quick ratio of 1.73 and a current ratio of 1.87.
In other Gogo Inflight Internet news, Director Charles C. Townsend bought 100,000 shares of the stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $9.32 per share, with a total value of $932,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 37.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Allied Advisory Services Inc. raised its holdings in shares of Gogo Inflight Internet by 13.1% during the 3rd quarter. First Allied Advisory Services Inc. now owns 57,360 shares of the technology company’s stock worth $686,000 after acquiring an additional 6,630 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Gogo Inflight Internet by 65.0% during the 4th quarter. Guggenheim Capital LLC now owns 18,850 shares of the technology company’s stock worth $213,000 after acquiring an additional 7,424 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Gogo Inflight Internet by 135.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,101 shares of the technology company’s stock worth $159,000 after acquiring an additional 8,100 shares during the period. Engineers Gate Manager LP raised its holdings in shares of Gogo Inflight Internet by 12.1% during the 3rd quarter. Engineers Gate Manager LP now owns 93,116 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 10,056 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Gogo Inflight Internet during the 4th quarter worth $115,000. Institutional investors and hedge funds own 77.64% of the company’s stock.
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About Gogo Inflight Internet
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).
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