Gogo (NASDAQ:GOGO) Stock Passes Below 200 Day Moving Average – Here’s Why

03 Apr 2026, 16:58 by Danessa Lincoln · The Markets Daily

Shares of Gogo Inc. (NASDAQ:GOGO – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.18 and traded as low as $3.94. Gogo shares last traded at $4.01, with a volume of 1,509,541 shares.

Analyst Upgrades and Downgrades

GOGO has been the subject of several recent analyst reports. Morgan Stanley set a $8.00 price target on Gogo in a report on Friday, January 16th. William Blair lowered Gogo from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Gogo in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gogo has a consensus rating of “Hold” and an average target price of $12.25.

View Our Latest Stock Report on Gogo

Gogo Price Performance

The firm has a market capitalization of $554.88 million, a P/E ratio of 41.20 and a beta of 1.12. The company has a debt-to-equity ratio of 8.24, a quick ratio of 1.24 and a current ratio of 1.60. The firm’s 50-day moving average is $4.43 and its 200 day moving average is $6.16.

Gogo (NASDAQ:GOGO – Get Free Report) last released its earnings results on Friday, February 27th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The firm had revenue of $230.56 million for the quarter, compared to the consensus estimate of $222.65 million. Gogo had a return on equity of 55.95% and a net margin of 1.42%.Gogo’s revenue for the quarter was up 67.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.22) EPS. As a group, equities research analysts predict that Gogo Inc. will post 0.41 EPS for the current fiscal year.

Insider Transactions at Gogo

In other news, Director Charles C. Townsend bought 158,591 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $4.57 per share, with a total value of $724,760.87. Following the transaction, the director owned 418,686 shares in the company, valued at $1,913,395.02. This represents a 60.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.78% of the company’s stock.

Hedge Funds Weigh In On Gogo

Several hedge funds have recently made changes to their positions in GOGO. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gogo in the fourth quarter worth $27,000. Fortitude Family Office LLC bought a new position in Gogo in the third quarter valued at $30,000. State of Wyoming acquired a new stake in Gogo in the 3rd quarter valued at $32,000. Farther Finance Advisors LLC lifted its position in Gogo by 91,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 10,076 shares of the technology company’s stock worth $47,000 after buying an additional 10,065 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in Gogo during the 4th quarter worth about $52,000. 69.60% of the stock is owned by institutional investors.

About Gogo

(Get Free Report)

Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo’s offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types.