Gogo (NASDAQ:GOGO) Rating Reiterated by Roth Mkm

Roth Mkm reissued their buy rating on shares of Gogo (NASDAQ:GOGO) in a research report report published on Tuesday, Benzinga reports. Roth Mkm currently has a $15.50 target price on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Gogo from $11.00 to $10.00 and set a neutral rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on shares of Gogo from $12.00 to $11.00 and set an equal weight rating for the company in a research note on Tuesday, September 3rd.

Gogo Stock Up 0.1 %

Gogo stock opened at $6.89 on Tuesday. Gogo has a fifty-two week low of $6.72 and a fifty-two week high of $12.61. The company has a debt-to-equity ratio of 11.25, a quick ratio of 3.16 and a current ratio of 3.95. The firm has a 50 day moving average price of $8.06 and a 200 day moving average price of $8.89. The company has a market capitalization of $875.75 million, a PE ratio of 5.89 and a beta of 1.11.

Gogo (NASDAQ:GOGO) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). Gogo had a net margin of 16.59% and a return on equity of 145.01%. The company had revenue of $102.10 million during the quarter, compared to analyst estimates of $99.02 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts expect that Gogo will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Gogo

A number of institutional investors and hedge funds have recently modified their holdings of GOGO. Charles Schwab Investment Management Inc. grew its stake in shares of Gogo by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 509,592 shares of the technology company’s stock worth $5,162,000 after purchasing an additional 1,735 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gogo during the fourth quarter worth $203,000. Aigen Investment Management LP acquired a new position in shares of Gogo during the fourth quarter worth $256,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Gogo by 15.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45,233 shares of the technology company’s stock worth $458,000 after purchasing an additional 6,179 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Gogo by 20.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,399,618 shares of the technology company’s stock worth $24,308,000 after purchasing an additional 400,487 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Gogo Company Profile

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.