Gogo (GOGO) Expected to Announce Earnings on Thursday

Gogo (NASDAQ:GOGO) is expected to release its Q2 2025 earnings data before the market opens on Thursday, August 7th. Analysts expect Gogo to post earnings of $0.12 per share and revenue of $220.12 million for the quarter. Gogo has set its FY 2025 guidance at EPS.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Friday, May 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. Gogo had a positive return on equity of 95.01% and a negative net margin of 0.82%. The business had revenue of $230.31 million for the quarter, compared to the consensus estimate of $214.93 million. During the same period last year, the business posted $0.23 EPS. The business’s revenue was up 120.8% compared to the same quarter last year. On average, analysts expect Gogo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gogo Trading Up 1.0%

Shares of NASDAQ:GOGO opened at $16.43 on Thursday. Gogo has a 12-month low of $6.17 and a 12-month high of $16.82. The business’s fifty day simple moving average is $13.86 and its 200-day simple moving average is $10.09. The company has a market capitalization of $2.17 billion, a PE ratio of -410.75 and a beta of 1.06. The company has a current ratio of 1.84, a quick ratio of 1.36 and a debt-to-equity ratio of 10.03.

Insider Buying and Selling

In related news, Director (Equity) Holdings Lp Silver sold 8,500,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $93,500,000.00. Following the completion of the sale, the director owned 4,174,482 shares of the company’s stock, valued at $45,919,302. This represents a 67.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Begler sold 107,136 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $15.00, for a total transaction of $1,607,040.00. Following the sale, the executive vice president directly owned 14,454 shares of the company’s stock, valued at $216,810. The trade was a 88.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.78% of the company’s stock.

Institutional Investors Weigh In On Gogo

A number of hedge funds and other institutional investors have recently bought and sold shares of GOGO. Brighton Jones LLC lifted its position in Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company’s stock valued at $138,000 after acquiring an additional 6,978 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Gogo by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,205 shares of the technology company’s stock valued at $338,000 after acquiring an additional 2,342 shares during the last quarter. AQR Capital Management LLC increased its stake in Gogo by 43.4% during the 1st quarter. AQR Capital Management LLC now owns 47,219 shares of the technology company’s stock valued at $407,000 after purchasing an additional 14,293 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Gogo by 23.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 294,173 shares of the technology company’s stock valued at $2,536,000 after purchasing an additional 56,232 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Gogo by 439.5% during the 1st quarter. Millennium Management LLC now owns 709,003 shares of the technology company’s stock valued at $6,112,000 after purchasing an additional 577,575 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Gogo from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Roth Capital set a $16.50 price target on Gogo and gave the company a “buy” rating in a report on Wednesday, June 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.63.

About Gogo

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.