Gogo (NASDAQ:GOGO) announced its quarterly earnings data on Thursday. The technology company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.29, Briefing.com reports. The business had revenue of $201.18 million during the quarter, compared to the consensus estimate of $206.07 million. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.47) EPS.

Shares of GOGO stock traded up $0.02 on Friday, hitting $6.50. The company’s stock had a trading volume of 2,653,900 shares, compared to its average volume of 1,622,084. The company has a market capitalization of $570.68 million, a PE ratio of -3.55 and a beta of 1.05. Gogo has a fifty-two week low of $2.64 and a fifty-two week high of $7.23. The stock’s 50 day moving average is $5.99 and its 200-day moving average is $5.03.

GOGO has been the topic of several research reports. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Gogo from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Thursday, October 31st. William Blair restated a “buy” rating on shares of Gogo in a research note on Monday, September 23rd. Finally, BidaskClub upgraded shares of Gogo from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Gogo has a consensus rating of “Buy” and an average target price of $6.38.

In other Gogo news, Director Charles C. Townsend purchased 100,000 shares of Gogo stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $4.43 per share, with a total value of $443,000.00. Following the transaction, the director now owns 109,844 shares in the company, valued at approximately $486,608.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles C. Townsend purchased 45,200 shares of Gogo stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of $3.99 per share, with a total value of $180,348.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 265,851 shares of company stock valued at $1,101,013. Insiders own 41.50% of the company’s stock.

Gogo Company Profile

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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Earnings History for Gogo (NASDAQ:GOGO)

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