GoPro Inc. (NASDAQ:GPRO)‘s stock had its “neutral” rating reissued by analysts at Robert W. Baird in a research note issued to investors on Thursday. They currently have a $10.00 target price on the stock. Robert W. Baird’s price objective indicates a potential downside of 41.69% from the company’s previous close.
Several other research firms have also recently commented on GPRO. Wedbush raised their target price on GoPro from $14.50 to $17.50 and gave the stock an “outperform” rating in a research note on Tuesday, September 20th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of GoPro in a research note on Monday, August 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $17.00 target price on shares of GoPro in a research note on Friday, June 17th. Piper Jaffray Cos. set a $9.00 target price on GoPro and gave the stock a “sell” rating in a research note on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $11.00 price target on shares of GoPro in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. GoPro presently has a consensus rating of “Hold” and an average price target of $15.78.
GoPro (NASDAQ:GPRO) opened at 17.15 on Thursday. The firm’s 50 day moving average price is $14.60 and its 200 day moving average price is $12.24. GoPro has a 52-week low of $8.62 and a 52-week high of $32.15. The firm’s market cap is $2.39 billion.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The business earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was down 47.4% on a year-over-year basis. Equities research analysts anticipate that GoPro will post ($1.07) EPS for the current fiscal year.
In other news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the completion of the transaction, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward A. Gilhuly sold 700,000 shares of GoPro stock in a transaction on Friday, August 19th. The shares were sold at an average price of $15.12, for a total value of $10,584,000.00. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. bought a new position in shares of GoPro during the second quarter valued at $100,000. Emerald Acquisition Ltd. bought a new position in shares of GoPro during the second quarter valued at $111,000. Penserra Capital Management LLC boosted its position in shares of GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock valued at $114,000 after buying an additional 3,164 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of GoPro during the first quarter valued at $117,000. Finally, Marathon Trading Investment Management LLC boosted its position in shares of GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares during the period. Institutional investors own 28.46% of the company’s stock.
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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