Roth Capital Weighs in on Gogo’s Q1 Earnings (NASDAQ:GOGO)

Gogo Inc. (NASDAQ:GOGO) – Research analysts at Roth Capital decreased their Q1 2025 earnings per share (EPS) estimates for Gogo in a report issued on Sunday, March 16th. Roth Capital analyst S. Searle now forecasts that the technology company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.09. The consensus estimate for Gogo’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Gogo’s Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.11 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.73 EPS.

Other analysts have also issued reports about the company. StockNews.com lowered Gogo from a “hold” rating to a “sell” rating in a report on Monday. Roth Mkm dropped their price target on shares of Gogo from $15.50 to $13.00 and set a “buy” rating on the stock in a research note on Monday.

Gogo Price Performance

NASDAQ:GOGO opened at $7.70 on Tuesday. The stock has a market capitalization of $968.50 million, a PE ratio of 17.91 and a beta of 1.01. Gogo has a 52 week low of $6.17 and a 52 week high of $11.00. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The stock’s 50-day moving average price is $7.74 and its 200-day moving average price is $7.56.

Gogo (NASDAQ:GOGO) last released its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $137.80 million for the quarter, compared to analyst estimates of $97.80 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The firm’s revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share.

Institutional Investors Weigh In On Gogo

A number of hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in Gogo by 357.5% in the 3rd quarter. Barclays PLC now owns 109,959 shares of the technology company’s stock valued at $789,000 after acquiring an additional 85,925 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Gogo by 256.1% in the fourth quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 111,267 shares during the last quarter. State Street Corp lifted its position in Gogo by 2.1% during the third quarter. State Street Corp now owns 2,461,691 shares of the technology company’s stock worth $17,675,000 after buying an additional 51,681 shares in the last quarter. FMR LLC lifted its position in Gogo by 13.5% during the third quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock worth $40,589,000 after buying an additional 673,315 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Gogo by 612.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock worth $1,817,000 after buying an additional 217,570 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gogo news, Director Oakleigh Thorne bought 30,173 shares of the stock in a transaction on Monday, March 17th. The shares were bought at an average price of $6.57 per share, with a total value of $198,236.61. Following the purchase, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. This trade represents a 4.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.00% of the stock is owned by company insiders.

Gogo Company Profile

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.