Gogo Inc. (NASDAQ:GOGO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Gogo Inc. (NASDAQ:GOGO) have received an average recommendation of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.30.

Separately, Morgan Stanley cut their price target on shares of Gogo from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 16th.

Gogo Trading Up 0.6 %

GOGO opened at $9.62 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 8.22 and a beta of 1.05. Gogo has a 12 month low of $7.53 and a 12 month high of $17.94. The firm’s fifty day simple moving average is $9.81 and its 200 day simple moving average is $9.31. The company has a current ratio of 4.20, a quick ratio of 3.33 and a debt-to-equity ratio of 9.39.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.06 by $0.10. The business had revenue of $104.32 million for the quarter, compared to analysts’ expectations of $96.62 million. Gogo had a net margin of 38.61% and a return on equity of 229.65%. As a group, research analysts anticipate that Gogo will post 0.35 EPS for the current fiscal year.

Institutional Trading of Gogo

Institutional investors and hedge funds have recently made changes to their positions in the company. Teza Capital Management LLC bought a new stake in shares of Gogo during the 3rd quarter worth approximately $158,000. Ballentine Partners LLC bought a new position in Gogo in the 4th quarter valued at approximately $140,000. Corton Capital Inc. lifted its stake in Gogo by 62.5% in the 3rd quarter. Corton Capital Inc. now owns 17,400 shares of the technology company’s stock valued at $208,000 after purchasing an additional 6,695 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Gogo during the fourth quarter valued at $203,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Gogo by 12.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,320 shares of the technology company’s stock valued at $187,000 after acquiring an additional 2,390 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.