William Blair Predicts Gogo's Q1 Earnings (NASDAQ:GOGO)

Gogo Inc. (NASDAQ:GOGO - Free Report) - Research analysts at William Blair issued their Q1 2025 EPS estimates for Gogo in a research report issued on Monday, March 17th. William Blair analyst L. Dipalma forecasts 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 - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $97.80 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm's revenue for the quarter was up 40.9% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the company. Roth Mkm cut their price target on Gogo from $15.50 to $13.00 and set a "buy" rating for the company in a report on Monday, March 17th. StockNews.com cut shares of Gogo from a "hold" rating to a "sell" rating in a research note on Monday, March 17th.

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Gogo Stock Performance

Gogo stock traded up $0.80 during midday trading on Thursday, reaching $8.22. 3,251,882 shares of the company's stock were exchanged, compared to its average volume of 1,103,654. 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 $1.08 billion, a price-to-earnings ratio of 19.12 and a beta of 1.01. Gogo has a 52 week low of $6.17 and a 52 week high of $11.00. The stock's 50-day simple moving average is $7.75 and its 200 day simple moving average is $7.55.

Hedge Funds Weigh In On Gogo

A number of hedge funds have recently bought and sold shares of GOGO. FMR LLC grew its position in shares of Gogo by 138.4% during the 4th quarter. FMR LLC now owns 13,475,009 shares of the technology company's stock worth $109,013,000 after purchasing an additional 7,821,973 shares in the last quarter. Nantahala Capital Management LLC grew its position in Gogo by 441.5% during the fourth quarter. Nantahala Capital Management LLC now owns 2,574,642 shares of the technology company's stock worth $20,829,000 after buying an additional 2,099,145 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in Gogo during the 4th quarter worth $14,147,000. Tenzing Global Management LLC raised its holdings in Gogo by 59.6% in the 4th quarter. Tenzing Global Management LLC now owns 2,075,000 shares of the technology company's stock valued at $16,787,000 after acquiring an additional 775,000 shares in the last quarter. Finally, Capco Asset Management LLC lifted its position in shares of Gogo by 22.1% during the 4th quarter. Capco Asset Management LLC now owns 3,009,743 shares of the technology company's stock valued at $24,349,000 after acquiring an additional 544,178 shares during the period. 69.60% of the stock is owned by institutional investors.

Insider Activity at Gogo

In other news, Director Oakleigh Thorne bought 30,173 shares of the company's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $6.57 per share, with a total value of $198,236.61. Following the completion of the acquisition, the director now owns 711,341 shares of the company's stock, valued at $4,673,510.37. This represents a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 26.00% of the stock is currently owned by corporate insiders.

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.