A number of other research firms have also recently commented on GPRO. BlueFin Research reaffirmed an add rating on shares of GoPro in a research note on Monday, September 26th. Zacks Investment Research raised shares of GoPro from a hold rating to a buy rating and set a $19.00 price target for the company in a research note on Tuesday, September 27th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of GoPro in a research note on Friday, September 23rd. Vetr cut shares of GoPro from a strong-buy rating to a buy rating and set a $17.10 price target for the company. in a research note on Monday, August 15th. Finally, FBN Securities set a $15.00 price target on shares of GoPro and gave the stock a hold rating in a research note on Monday, September 19th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) opened at 16.68 on Wednesday. GoPro has a one year low of $8.62 and a one year high of $31.95. The stock’s market cap is $2.33 billion. The firm has a 50-day moving average of $14.97 and a 200-day moving average of $12.40.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.06. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 47.4% compared to the same quarter last year. On average, equities research analysts expect that GoPro will post ($1.07) earnings per share for the current fiscal year.
In related news, President Anthony John Bates sold 9,704 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total transaction of $137,408.64. Following the sale, the president now directly owns 398,137 shares of the company’s stock, valued at $5,637,619.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Gilhuly sold 700,000 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $15.12, for a total transaction of $10,584,000.00. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GPRO. Vanguard Group Inc. increased its stake in shares of GoPro by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,685,463 shares of the company’s stock worth $61,461,000 after buying an additional 358,470 shares during the period. AQR Capital Management LLC increased its stake in shares of GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock worth $34,272,000 after buying an additional 1,190,470 shares during the period. BlackRock Fund Advisors increased its stake in shares of GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock worth $26,630,000 after buying an additional 1,826,461 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of GoPro by 14.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,177,166 shares of the company’s stock worth $23,535,000 after buying an additional 270,430 shares during the period. Finally, State Street Corp increased its stake in shares of GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock worth $18,266,000 after buying an additional 668,942 shares during the period. 28.46% of the stock is currently owned by hedge funds and other institutional investors.
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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