Roth MKM Keeps Their Buy Rating on Gogo (GOGO)
In a report released today, Scott Searle from Roth MKM maintained a Buy rating on Gogo, with a price target of $13.00.
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Searle covers the Technology sector, focusing on stocks such as Aviat Networks, Digi International, and InterDigital. According to TipRanks, Searle has an average return of 14.0% and a 48.50% success rate on recommended stocks.
Gogo has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
Based on Gogo’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $223.59 million and a GAAP net loss of $1.93 million. In comparison, last year the company earned a revenue of $100.53 million and had a net profit of $10.63 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GOGO in relation to earlier this year. Last month, Charles C. Townsend, a Director at GOGO bought 89,991.00 shares for a total of $627,018.94.
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