Exclusive: Does Gogo Inc Have Any Gas After Today’s Huge Decline?

Exclusive: Does Gogo Inc Have Any Gas After Today's Huge Decline?

The stock of Gogo Inc (NASDAQ:GOGO) is a huge mover today! The stock decreased 5.56% or $0.65 during the last trading session, hitting $11.04. About 3.36M shares traded hands or 197.35% up from the average. Gogo Inc (NASDAQ:GOGO) has risen 10.39% since February 26, 2016 and is uptrending. It has underperformed by 0.04% the S&P500.
The move comes after 6 months negative chart setup for the $862.82M company. It was reported on Oct, 1 by Barchart.com. We have $10.05 PT which if reached, will make NASDAQ:GOGO worth $77.65 million less.

Analysts await Gogo Inc (NASDAQ:GOGO) to report earnings on November, 3. They expect $-0.47 earnings per share, down 27.03% or $0.10 from last year’s $-0.37 per share. After $-0.31 actual earnings per share reported by Gogo Inc for the previous quarter, Wall Street now forecasts 51.61% negative EPS growth.

Gogo Inc (NASDAQ:GOGO) Ratings Coverage

Out of 3 analysts covering Gogo (NASDAQ:GOGO), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Gogo has been the topic of 7 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Standpoint Research on Wednesday, August 31 to “Buy”. The firm earned “Buy” rating on Wednesday, October 7 by Dougherty & Company. The firm has “Neutral” rating by Macquarie Research given on Tuesday, February 23. On Thursday, June 23 the stock rating was initiated by Standpoint Research with “Buy”. The firm has “Hold” rating by Standpoint Research given on Thursday, August 18. As per Monday, January 25, the company rating was maintained by Dougherty & Company. The stock of Gogo Inc (NASDAQ:GOGO) has “Buy” rating given on Wednesday, June 15 by Dougherty & Company.

According to Zacks Investment Research, “Gogo Inc. offers in-flight connectivity and wireless digital entertainment solutions in-flights. It operates through Commercial Aviation and Business Aviation segments. The Company provides equipment for in-flight connectivity with voice and data services, wireless digital entertainment solutions. Gogo Inc. is headquartered in Itasca, Illinois.”

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.10, from 1.28 in 2016Q1. The ratio improved, as 20 funds sold all Gogo Inc shares owned while 28 reduced positions. 19 funds bought stakes while 47 increased positions. They now own 63.30 million shares or 16.00% more from 54.57 million shares in 2016Q1.
Coastland Ltd Liability holds 60,000 shares or 0.02% of its portfolio. Morgan Stanley owns 125,459 shares or 0% of their US portfolio. Regis Mngmt Ltd holds 96,105 shares or 0.16% of its portfolio. Globeflex Limited Partnership accumulated 89,800 shares or 0.21% of the stock. Citigroup, a New York-based fund reported 8,994 shares. Wfg Advsrs Ltd Partnership holds 0% or 1 shares in its portfolio. Da Davidson holds 0% or 6 shares in its portfolio. Creative Planning reported 9,540 shares or 0% of all its holdings. Jacobs Levy Equity Mngmt has 20,600 shares for 0% of their US portfolio. Citadel Advsr, a Illinois-based fund reported 17,701 shares. The North Carolina-based National Bank & Trust Of America De has invested 0% in Gogo Inc (NASDAQ:GOGO). Ladenburg Thalmann Finance last reported 652 shares in the company. Blackrock Invest Mgmt Ltd Llc holds 0% or 210,020 shares in its portfolio. Gabelli Funds Limited Liability Com last reported 0.11% of its portfolio in the stock. Wells Fargo & Communication Mn, a California-based fund reported 488,187 shares.

Insider Transactions: Since August 8, 2016, the stock had 6 buys, and 1 insider sale for $4.25 million net activity. 50,000 shares were bought by ELDIFRAWI ASH A, worth $528,020. THORNE OAKLEIGH had bought 31,971 shares worth $359,354. TOWNSEND CHARLES C bought 200,000 shares worth $2.15 million. $98,045 worth of Gogo Inc (NASDAQ:GOGO) was bought by MUNDHEIM ROBERT H on Thursday, August 11. Takhsh Arbela also sold $21,402 worth of Gogo Inc (NASDAQ:GOGO) shares. SMALL MICHAEL had bought 50,000 shares worth $518,635 on Monday, August 8.

GOGO Company Profile

Gogo Inc., incorporated on December 14, 2009, is a holding company. The Firm is a well-known provider of in-flight connectivity and wireless entertainment solutions for the aviation industry across the world. The Firm operates through three divisions: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). The Firm provides services on approximately 9,600 aircrafts. The Company’s commercial aviation business operates through the Company’s CA-NA and CA-ROW divisions, and provides connectivity solutions. The Company’s BA segment offers a suite of in-flight Internet connectivity and other voice and data communications services and products to the business aviation market. It offers global network solutions, which include global satellite solutions for CA, global satellite solutions for BA and North American solutions for CA-NA and BA; airborne equipment and related services; passenger services, such as passenger connectivity and passenger entertainment; airline/owner/operator services, including account support, network monitoring and management services, passenger support services, and portal design, development and hosting, and connected aircraft services, such as connectivity services, hosting services and data services.

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