Gogo (NASDAQ:GOGO) Rating Reiterated by Roth Mkm

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

GOGO has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price objective on Gogo from $11.00 to $10.00 and set a neutral rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their price objective on Gogo from $12.00 to $11.00 and set an equal weight rating for the company in a report on Tuesday, September 3rd.

Gogo Stock Up 0.1 %

Gogo stock opened at $6.89 on Tuesday. The business has a fifty day moving average of $8.06 and a two-hundred day moving average of $8.89. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 11.25. The firm has a market cap of $875.75 million, a P/E ratio of 5.89 and a beta of 1.11. Gogo has a twelve month low of $6.72 and a twelve month high of $12.61.

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 analysts’ consensus estimates of $0.07 by ($0.06). Gogo had a return on equity of 145.01% and a net margin of 16.59%. The company had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $99.02 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts forecast that Gogo will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gogo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOGO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gogo during the 2nd quarter worth about $107,000. AQR Capital Management LLC acquired a new stake in Gogo during the 2nd quarter worth about $108,000. SG Americas Securities LLC acquired a new stake in Gogo during the 2nd quarter worth about $109,000. Point72 DIFC Ltd acquired a new stake in Gogo during the 2nd quarter worth about $117,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gogo by 67.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,285 shares of the technology company’s stock valued at $166,000 after acquiring an additional 6,941 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

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.