Gogo Inc. (NASDAQ:GOGO) – Equities research analysts at William Blair reduced their Q3 2017 EPS estimates for shares of Gogo in a research report issued on Monday. William Blair analyst J. Breen now anticipates that the technology company will post earnings of ($0.54) per share for the quarter, down from their prior estimate of ($0.47). William Blair also issued estimates for Gogo’s Q4 2017 earnings at ($0.41) EPS, FY2017 earnings at ($2.03) EPS, Q3 2018 earnings at ($0.40) EPS, Q4 2018 earnings at ($0.38) EPS and FY2018 earnings at ($1.62) EPS.
Other research analysts have also issued reports about the company. UBS AG reissued a “buy” rating and issued a $15.00 price objective (up from $14.00) on shares of Gogo in a research report on Friday, May 5th. Zacks Investment Research raised Gogo from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, May 3rd. Dougherty & Co lifted their price objective on Gogo from $16.00 to $17.50 and gave the stock a “buy” rating in a research report on Monday, May 1st. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised Gogo from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Gogo presently has an average rating of “Buy” and an average target price of $15.50.
Gogo (GOGO) opened at 12.51 on Thursday. The firm’s market capitalization is $1.08 billion. The stock’s 50 day moving average price is $11.96 and its 200 day moving average price is $11.46. Gogo has a 52-week low of $8.28 and a 52-week high of $13.69.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.49) by $0.07. The firm had revenue of $172.80 million during the quarter, compared to the consensus estimate 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 prior year, the company earned ($0.31) earnings per share.
Hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in shares of Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock worth $107,000 after buying an additional 73 shares during the last quarter. Arxis Securities LLC purchased a new stake in shares of Gogo during the first quarter worth approximately $112,000. Principal Financial Group Inc. purchased a new stake in shares of Gogo during the first quarter worth approximately $114,000. Parkwood LLC raised its stake in shares of Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock worth $122,000 after buying an additional 363 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Gogo by 1.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,775 shares of the technology company’s stock worth $141,000 after buying an additional 180 shares during the last quarter. 63.71% of the stock is owned by institutional investors and hedge funds.
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).
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