Gogo (NASDAQ:GOGO – Get Free Report) released its quarterly earnings data on Friday. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03, Zacks reports. The business had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business’s revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Gogo updated its FY 2025 guidance to EPS.
Gogo Stock Performance
Gogo stock opened at $6.86 on Friday. The stock’s 50 day simple moving average is $7.77 and its two-hundred day simple moving average is $7.57. 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 stock has a market cap of $862.84 million, a price-to-earnings ratio of 15.95 and a beta of 1.01. Gogo has a fifty-two week low of $6.17 and a fifty-two week high of $11.00.
Institutional Trading of Gogo
A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC boosted its holdings in Gogo Inc. (NASDAQ:GOGO – Free Report) by 69.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,000 shares of the technology company’s stock after purchasing an additional 6,978 shares during the quarter. Brighton Jones LLC’s holdings in Gogo were worth $138,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.
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.
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