Can Gogo Inc. (GOGO)’s Tomorrow Be Different? The Stock Increases Again

February 15, 2018 - By Peter Erickson

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.36, from 1.31 in 2017Q2. It worsened, 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.
Wolverine Asset Mngmt Limited Company reported 873,967 shares stake. Parametric Limited Liability reported 23,113 shares stake. Fmr Limited Liability Company has invested 0.01% in Gogo Inc. (NASDAQ:GOGO). Frontier Capital Mgmt reported 1.55 million shares stake. Cubist Systematic Strategies reported 20,600 shares stake. Pnc Fincl Serv stated it has 0% in Gogo Inc. (NASDAQ:GOGO). Oz L P has 43,900 shares for 0% of their portfolio. Tower Rech Capital Lc (Trc) holds 1 shares or 0% of its portfolio. Jpmorgan Chase & owns 175,041 shares. Highbridge Cap Limited Liability Company holds 1.23M shares or 0.22% of its portfolio. First Midwest National Bank & Trust Trust Division holds 0.26% of its portfolio in Gogo Inc. (NASDAQ:GOGO) for 179,091 shares. New Mexico-based Hanseatic Inc has invested 0% in Gogo Inc. (NASDAQ:GOGO). Voya Invest Mgmt Limited Com reported 27,707 shares. Whitebox Limited Liability Com has invested 0.33% in Gogo Inc. (NASDAQ:GOGO). Blair William And Il holds 239,266 shares or 0.02% of its portfolio.

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 firm earned “Hold” rating on Friday, August 4 by Standpoint Research. The rating was downgraded by Standpoint Research on Thursday, August 18 to “Hold”. The stock of Gogo Inc. (NASDAQ:GOGO) has “Buy” rating given on Wednesday, June 15 by Dougherty & Company. The rating was maintained by Northland Capital on Wednesday, October 18 with “Sell”. The rating was initiated by Standpoint Research with “Buy” on Thursday, June 23. The firm earned “Buy” rating on Wednesday, October 7 by Dougherty & Company. The stock of Gogo Inc. (NASDAQ:GOGO) earned “Buy” rating by Standpoint Research on Wednesday, August 31. As per Wednesday, January 25, the company rating was initiated by Guggenheim. The firm earned “Buy” rating on Monday, January 25 by Dougherty & Company. The rating was maintained by Macquarie Research with “Neutral” on Tuesday, February 23.

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 Prnewswire.com published the news titled: “Gogo Inc. to Participate in Four Investor Conferences” on February 15, 2018. Gurufocus.com‘s news article titled: “TENOR CAPITAL MANAGEMENT Co., LP Buys Regalwood Global Energy, Legacy …” 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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