Gogo IncGOGO
About: Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Business Aviation. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services. and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped.
Employees: 457
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
215% more call options, than puts
Call options by funds: $17.6M | Put options by funds: $5.58M
27% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 26
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
11% more capital invested
Capital invested by funds: $803M [Q1] → $888M (+$84.9M) [Q2]
4% more funds holding
Funds holding: 173 [Q1] → 180 (+7) [Q2]
1.5% more ownership
Funds ownership: 71.07% [Q1] → 72.57% (+1.5%) [Q2]
24% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 71
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Roth MKM Scott Searle 64% 1-year accuracy 21 / 33 met price target | 113%upside $15.50 | Buy Maintained | 17 Sept 2024 |
Morgan Stanley Simon Flannery 100% 1-year accuracy 4 / 4 met price target | 51%upside $11 | Equal-Weight Maintained | 3 Sept 2024 |
JP Morgan Philip Cusick 58% 1-year accuracy 7 / 12 met price target | 37%upside $10 | Neutral Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 7 articles about GOGO published over the past 30 days