GoPro Inc. (NASDAQ:GPRO)‘s stock had its “neutral” rating reissued by stock analysts at Dougherty & Co in a research note issued to investors on Wednesday.
Several other brokerages also recently commented on GPRO. BlueFin Research reissued an “add” rating on shares of GoPro in a report on Monday, September 26th. Bank of America Corp. restated a “buy” rating and issued a $19.00 price objective on shares of GoPro in a research report on Wednesday, September 28th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of GoPro in a research report on Friday, September 23rd. Finally, Vetr cut shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $17.10 price objective for the company. in a research report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) opened at 16.89 on Wednesday. The company has a 50-day moving average price of $15.08 and a 200 day moving average price of $12.47. The firm’s market capitalization is $2.36 billion. GoPro has a 52-week low of $8.62 and a 52-week high of $31.33.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.06. The company had revenue of $220.80 million for 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 company’s quarterly revenue was down 47.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.
In related news, Director Edward A. Gilhuly sold 700,000 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of 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. 28.69% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Allegis Investment Advisors LLC increased its position in GoPro by 1.8% in the second quarter. Allegis Investment Advisors LLC now owns 23,100 shares of the company’s stock worth $250,000 after buying an additional 400 shares in the last quarter. National Planning Corp increased its position in GoPro by 3.8% in the second quarter. National Planning Corp now owns 12,325 shares of the company’s stock worth $155,000 after buying an additional 450 shares in the last quarter. Amalgamated Bank increased its position in GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock worth $154,000 after buying an additional 482 shares in the last quarter. Suntrust Banks Inc. increased its position in GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock worth $179,000 after buying an additional 696 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in GoPro by 10.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,490 shares of the company’s stock worth $157,000 after buying an additional 1,319 shares in the last quarter. Institutional investors own 28.46% of the company’s stock.
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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