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NASDAQ:GOGO

Gogo (GOGO) Stock Price, News & Analysis

$8.78
+0.11 (+1.27%)
(As of 04:37 PM ET)
Today's Range
$8.70
$8.98
50-Day Range
$8.09
$10.15
52-Week Range
$7.76
$17.94
Volume
981,704 shs
Average Volume
969,775 shs
Market Capitalization
$1.12 billion
P/E Ratio
8.06
Dividend Yield
N/A
Price Target
$16.13

Gogo MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
83.9% Upside
$16.13 Price Target
Short Interest
Bearish
18.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of Gogo in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$357,779 Bought Last Quarter
Proj. Earnings Growth
65.79%
From $0.38 to $0.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.85 out of 5 stars

Computer And Technology Sector

178th out of 587 stocks

Communication Services, Not Elsewhere Classified Industry

2nd out of 7 stocks

GOGO stock logo

About Gogo Stock (NASDAQ: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. The company offers voice and data, in-flight entertainment, and other services. In addition, it engages in the development, deployment, and operation of networks, towers, and data center infrastructure to support in-flight connectivity services, as well as in the provision of telecommunications connections to the internet. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.

GOGO Stock Price History

GOGO Stock News Headlines

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GOGO Apr 2024 11.000 put
GOGO Aug 2024 19.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:GOGO
Fax
N/A
Employees
457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.13
High Stock Price Target
$22.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+84.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$145.68 million
Pretax Margin
24.55%

Debt

Sales & Book Value

Annual Sales
$397.58 million
Cash Flow
$0.85 per share
Book Value
$0.32 per share

Miscellaneous

Free Float
94,771,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.07
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Key Executives

  • Mr. Oakleigh Thorne (Age 66)
    Chairman & CEO
    Comp: $1.54M
  • Mr. Sergio A. Aguirre (Age 59)
    President & COO
    Comp: $773.93k
  • Ms. Jessica Betjemann (Age 51)
    Executive VP & CFO
    Comp: $520.99k
  • Ms. Karen Jackson (Age 54)
    Executive VP & Chief People Experience Officer
    Comp: $592.7k
  • Mr. Leigh Goldfine (Age 46)
    VP, Controller & Chief Accounting Officer
  • Mr. William G. Davis Jr. (Age 51)
    Vice President of Investor Relations
  • Ms. Crystal L. Gordon (Age 45)
    Executive VP, General Counsel & Secretary
  • Ms. Melissa Hale
    Senior Vice President of Product & Marketing
  • Mr. Andrew E. Geist
    Senior Vice President of Business Aviation Solutions
  • Mr. Gustavo Nader
    Chief Strategy Officer

GOGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Gogo stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GOGO shares.
View GOGO analyst ratings
or view top-rated stocks.

What is Gogo's stock price target for 2024?

3 equities research analysts have issued 1-year price targets for Gogo's shares. Their GOGO share price targets range from $11.00 to $22.00. On average, they anticipate the company's stock price to reach $16.13 in the next year. This suggests a possible upside of 83.9% from the stock's current price.
View analysts price targets for GOGO
or view top-rated stocks among Wall Street analysts.

How have GOGO shares performed in 2024?

Gogo's stock was trading at $10.13 on January 1st, 2024. Since then, GOGO shares have decreased by 13.4% and is now trading at $8.77.
View the best growth stocks for 2024 here
.

Are investors shorting Gogo?

Gogo saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 11,400,000 shares, an increase of 24.3% from the February 29th total of 9,170,000 shares. Based on an average daily trading volume, of 966,700 shares, the days-to-cover ratio is presently 11.8 days. Approximately 18.7% of the shares of the company are short sold.
View Gogo's Short Interest
.

When is Gogo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GOGO earnings forecast
.

How were Gogo's earnings last quarter?

Gogo Inc. (NASDAQ:GOGO) announced its quarterly earnings data on Wednesday, February, 28th. The technology company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The technology company earned $97.81 million during the quarter, compared to the consensus estimate of $96.56 million. Gogo had a net margin of 36.64% and a negative trailing twelve-month return on equity of 7,172.73%. The business's quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share.

What ETFs hold Gogo's stock?

ETFs with the largest weight of Gogo (NASDAQ:GOGO) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) and Roundhill IO Digital Infrastructure ETF (BYTE).SPDR S&P Telecom ETF (XTL).

What guidance has Gogo issued on next quarter's earnings?

Gogo issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $410.0 million-$425.0 million, compared to the consensus revenue estimate of $423.5 million.

What is Oakleigh Thorne's approval rating as Gogo's CEO?

32 employees have rated Gogo Chief Executive Officer Oakleigh Thorne on Glassdoor.com. Oakleigh Thorne has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Gogo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gogo investors own include Xtrackers California Municipal Bond ETF (CA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Endologix (ELGX), Chipotle Mexican Grill (CMG), BlackRock (BLK), Twitter (TWTR) and Intel (INTC).

Who are Gogo's major shareholders?

Gogo's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.43%), Vanguard Group Inc. (4.45%), Burgundy Asset Management Ltd. (1.86%), Dimensional Fund Advisors LP (1.20%), LB Partners LLC (1.12%) and Northern Trust Corp (0.57%). Insiders that own company stock include Charles C Townsend, Harris N Williams, Jessica Betjemann, Karen Jackson, Marguerite M Elias, Michael P Bayer and Robert L Crandall.
View institutional ownership trends
.

How do I buy shares of Gogo?

Shares of GOGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GOGO) was last updated on 3/28/2024 by MarketBeat.com Staff

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