Gogo Inc (NASDAQ:GOGO) CEO Michael Small bought 30,000 shares of stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $12.96 per share, for a total transaction of $388,800.00. Following the transaction, the chief executive officer now directly owns 117,919 shares in the company, valued at approximately $1,528,230. Gogo Inc (NASDAQ:GOGO) net profit margin is -46.10% and weekly performance is 14.67%. On last trading day company shares ended up $13.68. Analysts mean target price for the company is $23.00. Gogo Inc (NASDAQ:GOGO) distance from 50-day simple moving average (SMA50) is -26.88%.
Voltari Corporation (NASDAQ:VLTC) delivers merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. The Company is focused on its digital media business and is planning to expand its product offerings to add online and display solutions to its suite of mobile data marketing services. Voltari Corp (NASDAQ:VLTC) shares fell -25.98% in last trading session and ended the day on $2.45. VLTC Gross Margin is 55.70% and its return on assets is -46.80%. Voltari Corp (NASDAQ:VLTC) quarterly performance is -36.69%.
Glowpoint, Inc. (NYSE MKT:GLOW), a leading provider of video collaboration services and network solutions, reported financial results for the quarter ended March 31, 2014. “We have begun 2014 according to plan, delivering modest revenue growth compared to the fourth quarter of 2013 and Adjusted EBITDA growth year-over-year,” said Peter Holst, CEO and president. Glowpoint, Inc. (NYSEMKT:GLOW) shares moved up 10.46% in last trading session and was closed at $1.69, while trading in range of $1.53 – $1.70. Glowpoint, Inc. (NYSEMKT:GLOW) year to date (YTD) performance is 22.46%.
MER Telemanagement Solutions Ltd. (NASDAQ:MTSL), a global provider of Mobile Virtual Network Enabler (MVNE), Mobile Money and telecommunications expense management (TEM) solutions and services, announced its financial results for the first quarter of 2014. Revenues for the first quarter of 2014 were $1.8 million, compared with $3.3 million in revenues during the same quarter last year. The Company’s operating (loss) was $313,000 in the first quarter of 2014, compared to operating profit of $420,000 in the first quarter of 2013. Net loss in the first quarter was $315,000, or $(0.07) per diluted share, compared to net income of $344,000, or $0.07 per diluted share, in the first quarter of 2013. The principal factor that adversely affected the quarter’s results was the termination of revenues from the agreement with Simple Mobile that ended on December 31, 2013. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) ended the last trading day at $1.54. Company weekly volatility is calculated as 8.91% and price to cash ratio as 1.22. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) showed a negative weekly performance of -15.38%.