GoPro Inc. (NASDAQ:GPRO)‘s stock had its “add” rating reiterated by equities research analysts at BlueFin Research in a research report issued on Monday.
A number of other equities research analysts also recently weighed in on GPRO. Barclays PLC restated an “equal weight” rating and set a $12.00 target price on shares of GoPro in a research report on Thursday, July 28th. Longbow Research downgraded GoPro from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Piper Jaffray Cos. restated an “underweight” rating and set a $6.50 target price on shares of GoPro in a research report on Wednesday, June 15th. Wedbush boosted their target price on GoPro from $13.00 to $14.50 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, Dougherty & Co restated a “hold” rating on shares of GoPro in a research report on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.94.
GoPro (NASDAQ:GPRO) opened at 16.79 on Monday. The company’s 50-day moving average price is $14.76 and its 200 day moving average price is $12.31. GoPro has a 52 week low of $8.62 and a 52 week high of $31.95. The company’s market capitalization is $2.34 billion.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.06. The company earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm’s quarterly revenue was down 47.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts anticipate that GoPro will post ($1.07) EPS for the current year.
In related news, Director Michael E. Marks sold 40,000 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the transaction, the president now directly owns 398,137 shares of the company’s stock, valued at $5,637,619.92. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC bought a new position in shares of GoPro during the first quarter valued at approximately $1,220,000. Sanders Morris Harris Inc. boosted its position in shares of GoPro by 71.4% in the second quarter. Sanders Morris Harris Inc. now owns 40,800 shares of the company’s stock valued at $441,000 after buying an additional 17,000 shares during the period. HBK Investments L P bought a new position in shares of GoPro during the first quarter valued at approximately $357,000. Seven Eight Capital LLC boosted its position in shares of GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares during the period. Finally, Norges Bank bought a new position in shares of GoPro during the fourth quarter valued at approximately $10,583,000. 28.46% of the stock is owned by hedge funds and other institutional investors.
GoPro Company Profile
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.