Gogo (NASDAQ:GOGO) Stock Price Up 4.1% – Here’s What Happened

Posted by John Perry on Jan 2nd, 2025

Gogo Inc. (NASDAQ:GOGO – Get Free Report)’s stock price rose 4.1% on Tuesday . The company traded as high as $7.97 and last traded at $7.90. Approximately 138,949 shares were traded during trading, a decline of 86% from the average daily volume of 1,019,239 shares. The stock had previously closed at $7.59.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and set a $15.50 price objective on shares of Gogo in a research report on Tuesday, September 17th.

Check Out Our Latest Analysis on GOGO

Gogo Stock Up 6.6 %

The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The firm has a market capitalization of $1.02 billion, a PE ratio of 18.81 and a beta of 1.18. The business’s 50-day moving average price is $7.72 and its 200-day moving average price is $7.93.

Institutional Investors Weigh In On Gogo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOGO. nVerses Capital LLC acquired a new position in shares of Gogo in the third quarter worth $34,000. Brighton Jones LLC acquired a new position in Gogo in the third quarter worth approximately $72,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Gogo in the second quarter worth approximately $107,000. AQR Capital Management LLC acquired a new position in shares of Gogo during the 2nd quarter worth $108,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Gogo in the 2nd quarter valued at $117,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Gogo Company Profile

(Get Free Report)

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.