Gogo Inc (GOGO) was Upgraded by Standpoint Research to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Standpoint Research advised their investors in a research report released on Aug 31, 2016.
Many Wall Street Analysts have commented on Gogo Inc. Gogo Inc was Downgraded by Standpoint Research to ” Hold” on Aug 18, 2016. Shares were Reiterated by Dougherty & Company on Jun 15, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $17 .
On the company’s financial health, Gogo Inc reported $-0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.40. The company had revenue of $147.50 million for the quarter, compared to analysts expectations of $141.46 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.32 EPS.
Gogo Inc opened for trading at $11.65 and hit $11.94 on the upside on Monday, eventually ending the session at $11.81, with a gain of 1.29% or 0.15 points. The heightened volatility saw the trading volume jump to 8,05,940 shares. Company has a market cap of $1,018 M.
In a different news, on Aug 15, 2016, Robert H Mundheim (director) purchased 8,500 shares at $11.53 per share price. According to the SEC, on Aug 10, 2016, Charles C Townsend (director) purchased 200,000 shares at $10.73 per share price. On Aug 9, 2016, Ash A Eldifrawi (EVP and CCO) purchased 50,000 shares at $10.56 per share price, according to the Form-4 filing with the securities and exchange commission.
Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA) Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions which include ATG/ATG-4 Ku/2Ku Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services which include passenger connectivity passenger entertainment and portal content; airline/owner/operator services which include account support network monitoring and management services passenger support services and portal design development and hosting and operations-oriented communications services which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.