Equities Analysts Issue Forecasts for Gogo Q1 Earnings

Gogo Inc. (NASDAQ:GOGO) – Research analysts at William Blair issued their Q1 2025 EPS estimates for shares of Gogo in a note issued to investors on Monday, March 17th. William Blair analyst L. Dipalma anticipates that the technology company will post earnings per share of $0.20 for the quarter. The consensus estimate for Gogo’s current full-year earnings is $0.41 per share. William Blair also issued estimates for Gogo’s Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.13 EPS and FY2026 earnings at $1.83 EPS.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS.

A number of other research firms also recently weighed in on GOGO. StockNews.com downgraded shares of Gogo from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Roth Mkm decreased their price target on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 17th.

Gogo Price Performance

Shares of GOGO opened at $7.42 on Thursday. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The firm has a market cap of $933.28 million, a PE ratio of 17.26 and a beta of 1.01. The firm’s 50 day moving average price is $7.75 and its 200 day moving average price is $7.56. Gogo has a twelve month low of $6.17 and a twelve month high of $11.00.

Institutional Trading of Gogo

A number of hedge funds have recently modified their holdings of GOGO. FMR LLC raised its holdings in shares of Gogo by 138.4% in the 4th quarter. FMR LLC now owns 13,475,009 shares of the technology company’s stock worth $109,013,000 after buying an additional 7,821,973 shares in the last quarter. Capco Asset Management LLC increased its stake in shares of Gogo by 22.1% in the fourth quarter. Capco Asset Management LLC now owns 3,009,743 shares of the technology company’s stock valued at $24,349,000 after buying an additional 544,178 shares in the last quarter. Nantahala Capital Management LLC raised its holdings in shares of Gogo by 441.5% in the fourth quarter. Nantahala Capital Management LLC now owns 2,574,642 shares of the technology company’s stock valued at $20,829,000 after buying an additional 2,099,145 shares during the last quarter. State Street Corp lifted its position in Gogo by 2.1% during the 3rd quarter. State Street Corp now owns 2,461,691 shares of the technology company’s stock worth $17,675,000 after buying an additional 51,681 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Gogo by 15.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,424,378 shares of the technology company’s stock worth $19,613,000 after acquiring an additional 330,961 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

Insider Activity at Gogo

In related news, Director Oakleigh Thorne acquired 30,173 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $6.57 per share, for a total transaction of $198,236.61. Following the acquisition, the director now owns 711,341 shares in the company, valued at $4,673,510.37. This trade represents a 4.43 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.00% of the stock is currently owned by company insiders.

Gogo Company Profile

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.