Gogo Inflight Internet (GOGO) Director Charles C. Townsend Buys 359,267 Shares
Gogo Inflight Internet (NASDAQ:GOGO) Director Charles C. Townsend purchased 359,267 shares of Gogo Inflight Internet stock in a transaction dated Friday, May 25th. The shares were purchased at an average price of $4.98 per share, with a total value of $1,789,149.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Gogo Inflight Internet opened at $5.13 on Friday, according to MarketBeat. Gogo Inflight Internet has a 52-week low of $4.55 and a 52-week high of $14.76. The company has a quick ratio of 1.69, a current ratio of 2.30 and a debt-to-equity ratio of -5.26. The firm has a market cap of $456.77 million, a PE ratio of -2.36 and a beta of 1.43.
Gogo Inflight Internet (NASDAQ:GOGO) last posted its quarterly earnings data on Friday, May 4th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.24. The company had revenue of $231.83 million for the quarter, compared to the consensus estimate of $221.48 million. During the same period in the prior year, the firm posted ($0.52) earnings per share. The business’s revenue was up 40.2% on a year-over-year basis. equities analysts expect that Gogo Inflight Internet will post -2.19 EPS for the current year.
A number of research analysts have recently commented on GOGO shares. Zacks Investment Research upgraded shares of Gogo Inflight Internet from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. William Blair restated a “buy” rating on shares of Gogo Inflight Internet in a research report on Thursday, February 15th. BidaskClub upgraded shares of Gogo Inflight Internet from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. JPMorgan Chase & Co. lowered shares of Gogo Inflight Internet from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, Northland Securities set a $6.00 price target on shares of Gogo Inflight Internet and gave the company a “sell” rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Gogo Inflight Internet has an average rating of “Hold” and an average target price of $6.17.
Gogo Inflight Internet Company Profile
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).
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