Gogo Inc. (NASDAQ:GOGO) gapped up before the market opened on Friday . The stock had previously closed at $9.52, but opened at $9.74. Gogo shares last traded at $10.65, with a volume of 3040200 shares.

Several equities research analysts recently commented on GOGO shares. Zacks Investment Research raised Gogo from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Northland Securities started coverage on Gogo in a report on Tuesday, September 19th. They set an “under perform” rating and a $6.75 target price on the stock. Guggenheim reissued a “buy” rating and set a $16.00 target price on shares of Gogo in a report on Monday, October 9th. ValuEngine lowered shares of Gogo from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Gogo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.35.

The company has a debt-to-equity ratio of -6.40, a current ratio of 2.20 and a quick ratio of 2.02.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.06). The business had revenue of $172.87 million for the quarter, compared to analysts’ expectations of $172.92 million. During the same quarter last year, the firm posted ($0.42) EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. research analysts expect that Gogo Inc. will post -2.09 EPS for the current year.

In other news, insider Michael Small acquired 100,000 shares of the stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $8.79 per share, for a total transaction of $879,000.00. Following the transaction, the insider now owns 398,224 shares in the company, valued at approximately $3,500,388.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 37.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its holdings in shares of Gogo by 3.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,032,600 shares of the technology company’s stock valued at $11,906,000 after acquiring an additional 29,900 shares in the last quarter. Morgan Stanley lifted its stake in shares of Gogo by 15.2% in the 1st quarter. Morgan Stanley now owns 349,201 shares of the technology company’s stock valued at $3,841,000 after purchasing an additional 46,147 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Gogo by 10.3% in the 2nd quarter. New York State Common Retirement Fund now owns 360,047 shares of the technology company’s stock valued at $4,151,000 after purchasing an additional 33,729 shares during the last quarter. Numeric Investors LLC acquired a new stake in shares of Gogo in the 2nd quarter valued at $1,444,000. Finally, First Midwest Bank Trust Division lifted its stake in shares of Gogo by 2.1% in the 2nd quarter. First Midwest Bank Trust Division now owns 151,391 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 3,059 shares during the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.

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Gogo Company Profile

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).

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