Other equities research analysts have also recently issued reports about the stock. Vetr upgraded shares of GoPro from a buy rating to a strong-buy rating and set a $16.34 price target for the company in a report on Monday, August 8th. Piper Jaffray Cos. set a $6.50 target price on shares of GoPro and gave the company a sell rating in a research note on Thursday, July 28th. Barclays PLC reiterated an equal weight rating and issued a $12.00 target price on shares of GoPro in a research note on Thursday, July 28th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a $11.00 target price on shares of GoPro in a research note on Tuesday, July 26th. Finally, Wedbush increased their target price on shares of GoPro from $13.00 to $14.50 and gave the company an outperform rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. GoPro has a consensus rating of Hold and a consensus target price of $14.37.
Shares of GoPro (NASDAQ:GPRO) opened at 10.66 on Wednesday. GoPro has a one year low of $8.62 and a one year high of $26.12. The company’s market capitalization is $1.49 billion. The company has a 50-day moving average price of $15.00 and a 200 day moving average price of $12.76.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. GoPro had a negative net margin of 31.23% and a negative return on equity of 46.35%. The firm had revenue of $240.57 million for the quarter, compared to the consensus estimate of $315.89 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue was down 39.9% on a year-over-year basis. On average, analysts forecast that GoPro will post ($1.07) EPS for the current fiscal year.
In other news, Director Michael E. Marks sold 40,000 shares of GoPro stock in a transaction on Monday, August 15th. The shares were 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 SEC, which is available through this link. Also, Director Edward A. Gilhuly sold 700,000 shares of GoPro 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. Insiders own 28.69% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 in the last quarter. AQR Capital Management LLC raised 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 last quarter. BlackRock Fund Advisors raised 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 last quarter. BlackRock Institutional Trust Company N.A. raised 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 last quarter. Finally, State Street Corp raised 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 last quarter. 28.36% of the stock is currently owned by 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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