Gogo (NASDAQ:GOGO) Announces Earnings Results

Gogo (NASDAQ:GOGO) posted its earnings results on Friday. The technology company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.05 by $0.13, Zacks reports. The firm had revenue of $230.31 million during the quarter, compared to the consensus estimate of $214.93 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business’s quarterly revenue was up 120.8% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Gogo updated its FY 2025 guidance to EPS.

Gogo Price Performance

GOGO stock opened at $10.98 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 25.53 and a beta of 0.93. The company’s fifty day simple moving average is $7.52 and its 200 day simple moving average is $7.72. Gogo has a 12-month low of $6.17 and a 12-month high of $11.34.

Insiders Place Their Bets

In related news, Director Oakleigh Thorne bought 30,173 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $6.57 per share, for a total transaction of $198,236.61. Following the transaction, the director now directly owns 711,341 shares of the company’s stock, valued at approximately $4,673,510.37. The trade was a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Gogo

An institutional investor recently raised its position in Gogo stock. Brighton Jones LLC boosted its position in Gogo Inc. (NASDAQ:GOGO) by 69.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the technology company’s stock after buying an additional 6,978 shares during the period. Brighton Jones LLC’s holdings in Gogo were worth $138,000 at the end of the most recent quarter. Institutional investors own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GOGO shares. Roth Mkm dropped their price target on shares of Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 17th. StockNews.com lowered Gogo from a “hold” rating to a “sell” rating in a research report on Monday, March 17th.

About 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.