Roth Capital reaffirmed their buy rating on shares of Gogo (NASDAQ:GOGO) in a report issued on Monday, The Fly reports. Roth Capital currently has a $8.00 price target on the technology company’s stock, up from their previous price target of $7.00.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Gogo from a hold rating to a sell rating in a research note on Wednesday, July 1st. BidaskClub raised shares of Gogo from a hold rating to a buy rating in a research note on Friday, July 31st. Finally, Northland Securities started coverage on shares of Gogo in a research note on Friday, June 12th. They issued a hold rating and a $2.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $4.81.

GOGO opened at $3.41 on Monday. The firm has a market cap of $291.69 million, a P/E ratio of -1.29 and a beta of 1.22. Gogo has a 12 month low of $1.33 and a 12 month high of $7.23. The stock has a 50-day moving average of $3.19 and a 200 day moving average of $3.01.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Monday, August 10th. The technology company reported ($1.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.89) by ($0.16). The business had revenue of $96.60 million for the quarter, compared to analyst estimates of $90.34 million. Gogo’s revenue was down 54.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.04) earnings per share. Analysts predict that Gogo will post -2.47 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Cito Capital Group LLC raised its stake in shares of Gogo by 2.2% during the second quarter. Cito Capital Group LLC now owns 205,000 shares of the technology company’s stock valued at $648,000 after acquiring an additional 4,500 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Gogo by 3.5% in the first quarter. BNP Paribas Arbitrage SA now owns 268,097 shares of the technology company’s stock worth $568,000 after buying an additional 9,108 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Gogo in the second quarter worth approximately $32,000. AQR Capital Management LLC raised its stake in Gogo by 50.4% in the first quarter. AQR Capital Management LLC now owns 30,089 shares of the technology company’s stock worth $64,000 after buying an additional 10,082 shares in the last quarter. Finally, XTX Markets LLC bought a new position in Gogo in the second quarter worth approximately $34,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

About Gogo

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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