GoPro Inc. (NASDAQ:GPRO)‘s stock had its “market perform” rating reiterated by investment analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Friday.
A number of other analysts also recently issued reports on GPRO. Longbow Research initiated coverage on GoPro in a research report on Tuesday, June 14th. They issued a “neutral” rating and a $11.88 price target for the company. Piper Jaffray Cos. reiterated an “underweight” rating and set a $6.50 target price on shares of GoPro in a research report on Wednesday, June 15th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $17.00 target price on shares of GoPro in a research report on Friday, June 17th. Dougherty & Co reiterated a “hold” rating on shares of GoPro in a research report on Monday, July 18th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $11.00 target price on shares of GoPro in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.78.
Shares of GoPro (NASDAQ:GPRO) traded up 6.698% during trading on Friday, reaching $17.125. 16,915,762 shares of the company were exchanged. The firm’s 50 day moving average is $14.49 and its 200 day moving average is $12.22. GoPro has a 1-year low of $8.62 and a 1-year high of $35.00. The firm’s market capitalization is $2.39 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) 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%. GoPro’s revenue was down 47.4% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, equities analysts anticipate that GoPro will post ($1.07) EPS for the current fiscal year.
In related news, Director Edward A. Gilhuly sold 700,000 shares of GoPro stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $15.12, for a total transaction of $10,584,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the sale, the president now directly owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new stake in GoPro during the second quarter worth approximately $100,000. BlueMountain Capital Management LLC purchased a new stake in GoPro during the first quarter worth approximately $117,000. Marathon Trading Investment Management LLC increased its stake in GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock worth $120,000 after buying an additional 80,800 shares during the period. Emerald Acquisition Ltd. purchased a new stake in GoPro during the second quarter worth approximately $111,000. Finally, Penserra Capital Management LLC increased its stake in GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock worth $114,000 after buying an additional 3,164 shares during the period. 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.
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