Time to Buy Gogo Inc. (GOGO) After Today’s Significant Increase?

February 15, 2018 - By Migdalia James

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.36, from 1.31 in 2017Q2. It dropped, as 26 investors sold Gogo Inc. shares while 31 reduced holdings. 16 funds opened positions while 38 raised stakes. 56.73 million shares or 4.99% more from 54.03 million shares in 2017Q2 were reported.
Cortina Asset Mgmt Limited Liability Com holds 386,768 shares or 0.19% of its portfolio. Ameritas Prtn Inc holds 5,004 shares or 0% of its portfolio. United Automobile Association invested in 0% or 36,210 shares. Valley National Advisers holds 120 shares. Hanseatic Mgmt Services accumulated 0% or 74 shares. Ubs Asset Mngmt Americas has 31,300 shares. Moreover, Bancshares Of Montreal Can has 0% invested in Gogo Inc. (NASDAQ:GOGO). Landscape Cap Mngmt Limited Liability Company invested in 0.02% or 17,964 shares. Wells Fargo & Mn invested 0% in Gogo Inc. (NASDAQ:GOGO). The United Kingdom-based Barclays Public Limited Co has invested 0% in Gogo Inc. (NASDAQ:GOGO). Oz Mgmt Limited Partnership has 43,900 shares. Premier Asset Mngmt Ltd Liability has invested 0.05% in Gogo Inc. (NASDAQ:GOGO). 175,041 were accumulated by Jpmorgan Chase And. Natl Asset Management Inc invested 0.03% in Gogo Inc. (NASDAQ:GOGO). Manufacturers Life Insurance Com The invested in 46,885 shares.

The stock of Gogo Inc. (NASDAQ:GOGO) is a huge mover today! The stock increased 7.37% or $0.67 during the last trading session, reaching $9.76. About 1.55 million shares traded or 55.27% up from the average. Gogo Inc. (NASDAQ:GOGO) has risen 33.47% since February 15, 2017 and is uptrending. It has outperformed by 16.77% the S&P500.
The move comes after 5 months positive chart setup for the $846.90M company. It was reported on Feb, 15 by Barchart.com. We have $10.05 PT which if reached, will make NASDAQ:GOGO worth $25.41 million more.

Analysts await Gogo Inc. (NASDAQ:GOGO) to report earnings on February, 26. They expect $-0.47 EPS, down 38.24 % or $0.13 from last year’s $-0.34 per share. After $-0.57 actual EPS reported by Gogo Inc. for the previous quarter, Wall Street now forecasts -17.54 % EPS growth.

Gogo Inc. (NASDAQ:GOGO) Ratings Coverage

Among 7 analysts covering Gogo (NASDAQ:GOGO), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Gogo had 12 analyst reports since October 7, 2015 according to SRatingsIntel. The rating was maintained by Dougherty & Company with “Buy” on Wednesday, June 15. Macquarie Research maintained it with “Neutral” rating and $13 target in Tuesday, February 23 report. Standpoint Research initiated Gogo Inc. (NASDAQ:GOGO) on Thursday, June 23 with “Buy” rating. The rating was downgraded by Standpoint Research to “Hold” on Thursday, August 18. The firm earned “Hold” rating on Friday, August 4 by Standpoint Research. Standpoint Research upgraded Gogo Inc. (NASDAQ:GOGO) on Wednesday, August 31 to “Buy” rating. The firm has “Buy” rating by Guggenheim given on Wednesday, January 25. Dougherty & Company maintained the shares of GOGO in report on Wednesday, October 7 with “Buy” rating. As per Wednesday, October 18, the company rating was maintained by Northland Capital. The stock of Gogo Inc. (NASDAQ:GOGO) earned “Buy” rating by Dougherty & Company on Monday, January 25.

More recent Gogo Inc. (NASDAQ:GOGO) news were published by: Prnewswire.com which released: “Gogo Inc. to Report Fourth Quarter and Full-Year 2017 Financial Results on …” on January 30, 2018. Also Gurufocus.com published the news titled: “TENOR CAPITAL MANAGEMENT Co., LP Buys Regalwood Global Energy, Legacy …” on February 15, 2018. Prnewswire.com‘s news article titled: “Gogo Inc. to Participate in Four Investor Conferences” with publication date: February 15, 2018 was also an interesting one.

Gogo Inc., through its subsidiaries, provides in-flight connectivity and wireless in-cabin digital entertainment solutions to the aviation industry in the United States and internationally. The company has market cap of $846.90 million. The firm operates through three divisions: Commercial Aviation North America , Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). It currently has negative earnings. The CA-NA segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America.

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