NASDAQ:GOGO

Gogo (GOGO) Stock Price, News & Analysis

$10.15
-0.05 (-0.49%)
(As of 02:22 PM ET)
Today's Range
$10.04
$10.22
50-Day Range
$8.09
$10.20
52-Week Range
$7.53
$17.94
Volume
337,974 shs
Average Volume
955,087 shs
Market Capitalization
$1.30 billion
P/E Ratio
9.31
Dividend Yield
N/A
Price Target
$15.30

Gogo MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
51.2% Upside
$15.30 Price Target
Short Interest
Bearish
19.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Gogo in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$357,779 Bought Last Quarter
Proj. Earnings Growth
72.22%
From $0.36 to $0.62 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.

3.83 out of 5 stars

Computer And Technology Sector

227th out of 593 stocks

Communication Services, Not Elsewhere Classified Industry

3rd out of 11 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. As of May 2024, Gogo Inc. claims that "Gogo is the only company in North America with a complete, certified airborne 5G network, meaning that all components within the network (including onboard equipment) are 5G native."

GOGO Stock Price History

GOGO Stock News Headlines

Biggest hedge fund manager has huge warning for U.S. dollar
Prescient CEO Makes Shocking New Prediction Known for his eerily accurate market calls over the years, this CEO has just revealed his newest prediction about "America's New Money."
Gogo: Q1 Earnings Snapshot
Gogo Inc. Q1 Income Advances, Beats estimates
Gogo Announces First Quarter Results
Biggest hedge fund manager has huge warning for U.S. dollar
Prescient CEO Makes Shocking New Prediction Known for his eerily accurate market calls over the years, this CEO has just revealed his newest prediction about "America's New Money."
Gogo (GOGO) Set to Announce Quarterly Earnings on Tuesday
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/10/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$15.30
High Stock Price Target
$22.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+50.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$145.68 million
Pretax Margin
24.55%

Debt

Sales & Book Value

Annual Sales
$397.58 million
Cash Flow
$0.91 per share
Book Value
$0.32 per share

Miscellaneous

Free Float
94,771,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.04
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Key Executives

  • Mr. Oakleigh Thorne (Age 66)
    Chairman & CEO
    Comp: $1.05M
  • Mr. Sergio A. Aguirre (Age 60)
    President & COO
    Comp: $606.65k
  • Ms. Jessica G. Betjemann (Age 52)
    Executive VP & CFO
    Comp: $517.51k
  • Ms. Crystal L. Gordon (Age 45)
    Executive VP, General Counsel & Secretary
    Comp: $823.61k
  • Mr. Leigh Goldfine (Age 46)
    VP, Controller & Chief Accounting Officer
  • Mr. William G. Davis Jr. (Age 51)
    Vice President of Investor Relations
  • 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
  • Mr. Anand K. Chari (Age 57)
    Strategic Technology Advisor
    Comp: $618.28k

GOGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Gogo stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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?

4 Wall Street research analysts have issued 12-month target prices for Gogo's shares. Their GOGO share price targets range from $11.00 to $22.00. On average, they expect the company's share price to reach $15.30 in the next twelve months. This suggests a possible upside of 51.2% 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 at the beginning of the year. Since then, GOGO stock has decreased by 0.1% and is now trading at $10.12.
View the best growth stocks for 2024 here
.

When is Gogo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our GOGO earnings forecast
.

How were Gogo's earnings last quarter?

Gogo Inc. (NASDAQ:GOGO) posted its earnings results on Wednesday, February, 28th. The technology company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The technology company had revenue of $97.81 million for the quarter, compared to the consensus estimate of $96.56 million. Gogo had a negative trailing twelve-month return on equity of 7,172.73% and a net margin of 36.64%. The company's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 Roundhill IO Digital Infrastructure ETF (BYTE) and SPDR S&P Telecom ETF (XTL).Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU).

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

Gogo issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. 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 $416.3 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 a variety of retail and institutional investors. Top institutional investors include William Blair Investment Management LLC (1.50%), LB Partners LLC (1.48%), Principal Financial Group Inc. (0.25%), Tealwood Asset Management Inc. (0.10%), GSA Capital Partners LLP (0.09%) and Capstone Investment Advisors LLC (0.07%). 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 5/10/2024 by MarketBeat.com Staff

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