Impact of Brokerage Rating on Gogo Inc.(GOGO)

Many Gogo Inc.(GOGO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Gogo Inc was Initiated by Guggenheim to Buy on Jan 25, 2017.

Company has reported several Insider transactions to the SEC, on Nov 15, 2016, Michael Small (CEO) purchased 50,000 shares at 8.94 per share price.On Nov 10, 2016, Robert H Mundheim (director) purchased 15,000 shares at 9.42 per share price.On Nov 9, 2016, Charles C Townsend (director) purchased 300,000 shares at 9.69 per share price.

Gogo Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.45. The company had revenue of $147.27 million for the quarter, compared to analysts expectations of $146.77 million. The companys revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Gogo Inc. (NASDAQ:GOGO) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2 by 7 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Gogo Inc. (NASDAQ:GOGO): 5 analysts have set the short term price target of Gogo Inc. (NASDAQ:GOGO) at $11.91. The standard deviation of short term price target has been estimated at $3.49, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 16 and $7 respectively.

Gogo Inc. (NASDAQ:GOGO) rose 3.13% or 0.28 points on Tuesday and made its way into the gainers of the day. After trading began at $8.96 the stock was seen hitting $9.26 as a peak level and $8.934 as the lowest level. The stock ended up at $9.24. The daily volume was measured at 607,724 shares. The 52-week high of the share price is $13.89 and the 52-week low is $7.8. The company has a market cap of $797 million.

Gogo is the leading provider of in-flight connectivity and wireless entertainment solutions for the global aviation industry. They currently provide services on approximately 9,600 aircraft, which represents more than 20% of the worlds total commercial and business jet aircraft. Gogo has partnerships with 14 commercial airlines and is installed on more than 2,500 commercial aircraft. Nearly 7,000 business aircraft are also flying with its solutions, including the worlds largest fractional ownership fleets. Gogo also is a factory option at every major business aircraft manufacturer. Gogo is headquartered in Chicago, IL, with additional facilities in Broomfield, CO, and various locations overseas.


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