<div id="readability-page-1"><p>Shares of Gogo Inc. (NASDAQ:GOGO - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $4.94 and last traded at $5.0950, with a volume of 1285193 shares trading hands. The stock had previously closed at $5.09.</p><h2>Analysts Set New Price Targets</h2><ul><li>Bargain Alert on 3 Stocks Investors Have Oversold</li></ul><p>GOGO has been the topic of a number of analyst reports. William Blair cut shares of Gogo from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a report on Tuesday, December 9th. Weiss Ratings  reiterated a &#34;sell (d)&#34; rating on shares of Gogo in a research report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat, Gogo currently has an average rating of &#34;Hold&#34; and a consensus price target of $14.83.</p><p><b>Get Our Latest Report on Gogo</b></p><h2>Gogo Price Performance</h2><ul><li>Goldman Spotlights These 3 Stocks in Its Bullish S&amp;P 500 Outlook</li></ul><p>The firm has a market capitalization of $667.24 million, a P/E ratio of -99.70 and a beta of 0.90. The business's 50-day simple moving average is $7.89 and its 200 day simple moving average is $10.90. The company has a quick ratio of 1.40, a current ratio of 1.74 and a debt-to-equity ratio of 7.79. </p><p>Gogo (NASDAQ:GOGO - Get Free Report) last issued its earnings results on Thursday, November 6th. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). The business had revenue of $223.59 million during the quarter, compared to analysts' expectations of $222.23 million. Gogo had a positive return on equity of 71.74% and a negative net margin of 0.65%.Gogo's revenue for the quarter was up 122.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS.  Sell-side analysts forecast that  Gogo Inc. will post 0.41 earnings per share for the current year. </p><h2>Hedge Funds Weigh In On Gogo</h2><ul><li>Gogo Stock is Ready to Take Off Higher</li></ul><p>A number of hedge funds have recently modified their holdings of GOGO. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of  Gogo by 8.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 13,877 shares of the technology company's stock valued at $204,000 after acquiring an additional 1,034 shares in the last quarter.  Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in  Gogo by 8.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,357 shares of the technology company's stock worth $225,000 after purchasing an additional 1,210 shares in the last quarter.  Police &amp; Firemen s Retirement System of New Jersey lifted its position in shares of  Gogo by 9.8% in the 2nd quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 15,063 shares of the technology company's stock worth $221,000 after purchasing an additional 1,340 shares during the period.  The Manufacturers Life Insurance Company boosted its stake in shares of  Gogo by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,934 shares of the technology company's stock valued at $381,000 after purchasing an additional 1,597 shares in the last quarter.  Finally, State of Alaska Department of Revenue increased its position in shares of  Gogo by 5.1% during the third quarter. State of Alaska Department of Revenue now owns 37,555 shares of the technology company's stock valued at $322,000 after buying an additional 1,815 shares during the period. Hedge funds and other institutional investors own  69.60% of the company's stock. </p><h2>About Gogo</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Gogo</li><li>How to Short a Stock in 5 Easy Steps </li><li>Rivian’s Autonomy Bombshell Changes Everything—Even Its Valuation</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>Financial Sector Breaks Out as Capital Rotates and Leadership Shifts</li><li>What Are Dividend Achievers? An Introduction</li><li>Super Micro's Sell-Off Is a Mirage—Here’s Why the Rally May Come Back Fast</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Gogo Right Now?</h2><p>Before you consider Gogo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gogo wasn't on the list.</p><p>While Gogo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GOGO

<p>Gogo Inc. (NASDAQ:GOGO) shares hit a new 52-week low at $4.94, closing at $5.0950. Analysts have mixed ratings, with a consensus price target of $14.83. The company reported a quarterly revenue increase of 122.4% but missed EPS estimates. Hedge funds have adjusted their holdings, with 69.60% institutional ownership. Gogo provides broadband connectivity services to the aviation industry.</p>

Gogo (NASDAQ:GOGO) Hits New 12-Month Low - Here's What Happened