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 Q3 regulatory filings by fund managers ($100M+ AUM)
267% more call options, than puts
Call options by funds: $14.7M | Put options by funds: $4M
1.54% less ownership
Funds ownership: 73.3% [Q2] → 71.77% (-1.54%) [Q3]
2% less funds holding
Funds holding: 180 [Q2] → 176 (-4) [Q3]
11% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 37
11% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 64
27% less capital invested
Capital invested by funds: $897M [Q2] → $657M (-$240M) [Q3]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Scott Searle 52% 1-year accuracy 17 / 33 met price target | 106%upside $15.50 | Buy Maintained | 17 Sept 2024 |
Morgan Stanley Simon Flannery 75% 1-year accuracy 3 / 4 met price target | 46%upside $11 | Equal-Weight Maintained | 3 Sept 2024 |
Financial journalist opinion
Based on 8 articles about GOGO published over the past 30 days
