Gogo Inc (NASDAQ:GOGO) Director Charles C. Townsend acquired 100,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of $9.32 per share, with a total value of $932,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Gogo Inc (NASDAQ GOGO) traded up $0.14 during trading on Monday, hitting $9.39. The stock had a trading volume of 793,180 shares, compared to its average volume of 1,123,959. The stock has a market capitalization of $803.31, a price-to-earnings ratio of -4.31 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. Gogo Inc has a 1 year low of $8.52 and a 1 year high of $14.76.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.04). The firm had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $181.44 million. During the same quarter in the prior year, the company posted ($0.34) EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. research analysts forecast that Gogo Inc will post -1.84 earnings per share for the current year.
GOGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Gogo from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. ValuEngine upgraded Gogo from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. William Blair restated a “buy” rating on shares of Gogo in a research note on Thursday, February 15th. Finally, BidaskClub upgraded Gogo from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.80.
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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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