Gogo Inc. (NASDAQ:GOGO) is now up 46.59% compared to a 12-month low of $2.64. We have seen the price to move -1.53% lower and get settled at $3.87 on 6/26/2019. At recent session, it appeared stuck in a range of $3.9 to $4.16. This company shares are 39.02% off its target price of $5.38 and the current market capitalization stands at $343.66M. The recent change has given its price a -22.71% deficit over SMA 50 and -50.51% deficit over its 52-week high. The stock witnessed -25.58% declines, -14.76% declines and 29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GOGO’s volatility during a week at 6.15% and during a month it has been found around 5.27%.
What Does Gogo Inc. (GOGO) Do?
The company describes itself in regulatory filings as, “Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.” [Text can be found here: https://www.marketwatch.com/investing/stock/GOGO/profile under company description.]Gogo Inc. (GOGO) Top Holders
Institutional investors currently hold around $206 million or 61.1% in GOGO stock. Look at its top three institutional owners: Stelliam Investment Management, Lp owns $26.59 million in Gogo Inc., which represents roughly 7.74% of the company’s market cap and approximately 12.91% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,192,718 shares of the stock are valued at $20.41 million. The third largest holder is Blackrock Inc., which currently holds $15.32 million worth of this stock and that ownership represents nearly 4.46% of its market capitalization.Gogo Inc. 13F Filings
At the end of March reporting period, 56 institutional holders increased their position in Gogo Inc. (NASDAQ:GOGO) by some 9,940,602 shares, 52 decreased positions by 7,583,595 and 25 held positions by 34,813,300. That puts total institutional holdings at 52,337,497 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 2,606,419 shares while 19 institutional investors sold out their entire positions totaling 1,678,395 shares.Gogo Inc. (NASDAQ:GOGO) Insider Trades
Multiple company employees have indulged in significant insider trading. Gogo Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director TOWNSEND CHARLES C has acquired 100,000 shares of Gogo Inc. (GOGO) in the trading session dated May. 14, 2019. These shares are worth $555,000 and were traded at $5.55 each. The SEC filing shows that TOWNSEND CHARLES C performed a purchase of 122,595 shares. The Director added these shares by way of transaction on Feb. 28, 2019. The company’s shares were assimilated at $4.57 per share worth to an investment of some $560,259 to the account of TOWNSEND CHARLES C.
Director, TOWNSEND CHARLES C, purchased 277,405 common shares of Gogo Inc. (GOGO) in the open market. In a transaction dated Feb. 27, 2019, the shares were bought at an average price of $4.36, giving away a sum of $1,209,486. After this purchase, 2,952,016 common shares of GOGO are directly owned by the insider, with total stake valued at $11,424,302.
In the transaction dated Jun. 01, 2018, a great number of shares acquired came courtesy the 10% Owner; Thorndale Farm, Inc. added a total of 146,915 shares at an average price of $5.08, amounting to approximately $746,328. The insider now directly owns 25,924,803 shares worth $100,328,988.Gogo Inc. (GOGO) Analyst Guide
Several analysts have released their opinion on Gogo Inc. (NASDAQ:GOGO), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 2 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation [T1].