--- title: "Gogo (NASDAQ:GOGO) Stock Price Down 6.8% - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/278440718.md" description: "Gogo Inc. (NASDAQ:GOGO) shares fell 6.8% to $4.8750, with trading volume down 32% from average levels. Analysts have mixed ratings, with one Buy, two Hold, and one Sell. The company reported a quarterly EPS of ($0.07), missing estimates, but revenue increased 67.3% year-over-year. Insider Oakleigh Thorne purchased 170,000 shares, raising ownership by 21.68%. Institutional investors hold 69.60% of shares. Gogo specializes in in-flight connectivity and entertainment solutions for aviation." datetime: "2026-03-09T20:01:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278440718.md) - [en](https://longbridge.com/en/news/278440718.md) - [zh-HK](https://longbridge.com/zh-HK/news/278440718.md) --- # Gogo (NASDAQ:GOGO) Stock Price Down 6.8% - Here's What Happened Shares of Gogo Inc. (NASDAQ:GOGO - Get Free Report) traded down 6.8% on Monday . The stock traded as low as $4.82 and last traded at $4.8750. 1,378,764 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 2,019,560 shares. The stock had previously closed at $5.23. ## Analyst Upgrades and Downgrades - Bargain Alert on 3 Stocks Investors Have Oversold Several brokerages have recently issued reports on GOGO. Morgan Stanley set a $8.00 target price on Gogo in a research report on Friday, January 16th. Weiss Ratings restated a "sell (d)" rating on shares of Gogo in a research report on Monday, December 29th. Finally, William Blair downgraded shares of Gogo from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.25. **Read Our Latest Analysis on Gogo** ## Gogo Stock Down 5.4% - Goldman Spotlights These 3 Stocks in Its Bullish S&P 500 Outlook The company has a quick ratio of 1.24, a current ratio of 1.60 and a debt-to-equity ratio of 8.24. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $6.96. The firm has a market capitalization of $665.99 million, a PE ratio of 49.48 and a beta of 1.07. Gogo (NASDAQ:GOGO - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The firm had revenue of $230.56 million for the quarter, compared to analysts' expectations of $222.65 million. Gogo had a net margin of 1.42% and a return on equity of 55.95%. The firm's quarterly revenue was up 67.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS. Analysts forecast that Gogo Inc. will post 0.41 EPS for the current year. ## Insiders Place Their Bets - Gogo Stock is Ready to Take Off Higher In other Gogo news, insider Oakleigh Thorne bought 170,000 shares of the business's stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $5.34 per share, for a total transaction of $907,800.00. Following the completion of the transaction, the insider directly owned 954,098 shares of the company's stock, valued at $5,094,883.32. This trade represents a 21.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 25.78% of the stock is owned by corporate insiders. ## Institutional Trading of Gogo Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gogo during the fourth quarter worth $27,000. Fortitude Family Office LLC purchased a new position in Gogo during the third quarter valued at approximately $30,000. State of Wyoming purchased a new position in Gogo during the third quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings in Gogo by 91,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 10,076 shares of the technology company's stock worth $47,000 after acquiring an additional 10,065 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Gogo in the 4th quarter worth approximately $52,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors. ## Gogo Company Profile (Get Free Report) Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo's offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types. Gogo's ATG network spans the United States and portions of Canada, using ground towers to transmit data signals directly to equipped aircraft. ## Further Reading - Five stocks we like better than Gogo - The gold chart Wall Street is terrified of… - America’s 1776 happening again - What a Former CIA Agent Knows About the Coming Collapse - Elon Musk already made me a “wealthy man” - Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why _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._ ## Should You Invest $1,000 in Gogo Right Now? Before you consider Gogo, you'll want to hear this. 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. While Gogo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [GOGO.US](https://longbridge.com/en/quote/GOGO.US.md) - [PPA.US](https://longbridge.com/en/quote/PPA.US.md) - [JETS.US](https://longbridge.com/en/quote/JETS.US.md) - [XAR.US](https://longbridge.com/en/quote/XAR.US.md) - [ITA.US](https://longbridge.com/en/quote/ITA.US.md) ## Related News & Research - [Sparc AI targets U.S. drone market with Rate Manufacturing partnership](https://longbridge.com/en/news/287184208.md) - [GE Aerospace Bags US Air Force Contract To Advance GE426 Engine](https://longbridge.com/en/news/287010382.md) - [GE Aerospace Expands Defense, Aviation Business With Two Major Deals](https://longbridge.com/en/news/286944722.md) - [Delta Air Lines Stock Is Pulling Back Today: What's Happening?](https://longbridge.com/en/news/286807776.md) - [Ryanair Q4 earnings: What to expect, according to BofA](https://longbridge.com/en/news/286689248.md)