BidaskClub downgraded shares of Gogo Inflight Internet (NASDAQ:GOGO) from a sell rating to a strong sell rating in a research note released on Wednesday.
A number of other brokerages have also recently weighed in on GOGO. Zacks Investment Research raised shares of Gogo Inflight Internet from a sell rating to a hold rating in a research report on Tuesday, December 26th. ValuEngine raised shares of Gogo Inflight Internet from a sell rating to a hold rating in a research report on Sunday, December 31st. Guggenheim cut shares of Gogo Inflight Internet from a buy rating to a neutral rating and boosted their target price for the stock from $8.75 to $14.00 in a research report on Wednesday, March 7th. JPMorgan Chase cut shares of Gogo Inflight Internet from an overweight rating to a neutral rating in a research report on Friday, February 23rd. Finally, William Blair reissued a buy rating on shares of Gogo Inflight Internet in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $13.80.
Shares of GOGO stock opened at $8.49 on Wednesday. The company has a debt-to-equity ratio of -5.22, a current ratio of 1.87 and a quick ratio of 1.73. Gogo Inflight Internet has a fifty-two week low of $8.02 and a fifty-two week high of $14.76.
In other news, Director Charles C. Townsend bought 100,000 shares of Gogo Inflight Internet stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $9.32 per share, with a total value of $932,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 37.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GOGO. Billings Capital Management LLC lifted its position in shares of Gogo Inflight Internet by 14.7% during the fourth quarter. Billings Capital Management LLC now owns 3,379,752 shares of the technology company’s stock worth $38,124,000 after purchasing an additional 432,667 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Gogo Inflight Internet during the fourth quarter worth $2,079,000. Deutsche Bank AG lifted its position in shares of Gogo Inflight Internet by 340.4% during the fourth quarter. Deutsche Bank AG now owns 225,223 shares of the technology company’s stock worth $2,539,000 after purchasing an additional 174,084 shares in the last quarter. PEAK6 Investments L.P. increased its stake in shares of Gogo Inflight Internet by 1,198.0% in the fourth quarter. PEAK6 Investments L.P. now owns 115,290 shares of the technology company’s stock worth $1,300,000 after buying an additional 125,790 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC bought a new stake in shares of Gogo Inflight Internet in the fourth quarter worth $1,175,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Gogo Inflight Internet (GOGO) Lowered to “Strong Sell” at BidaskClub” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3341170/gogo-inflight-internet-gogo-lowered-to-strong-sell-at-bidaskclub.html.
Gogo Inflight Internet 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).
Receive News & Ratings for Gogo Inflight Internet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo Inflight Internet and related companies with MarketBeat.com's FREE daily email newsletter.