GoPro Inc. (NASDAQ:GPRO)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Saturday. They currently have a $16.00 price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 17.65% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Oppenheimer Holdings Inc. reissued a “” rating on shares of GoPro in a research note on Thursday, July 28th. BlueFin Research reaffirmed an “add” rating on shares of GoPro in a research report on Monday, September 26th. Vetr raised GoPro from a “hold” rating to a “buy” rating and set a $13.42 target price on the stock in a research report on Tuesday, August 2nd. Bank of America Corp. began coverage on GoPro in a research report on Friday, September 16th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, September 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.89.
GoPro (NASDAQ:GPRO) traded down 1.73% during trading on Friday, hitting $13.60. The stock had a trading volume of 6,852,149 shares. GoPro has a 1-year low of $8.62 and a 1-year high of $31.33. The firm’s 50 day moving average is $15.11 and its 200 day moving average is $12.63. The firm’s market cap is $1.90 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the Zacks’ 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 company had revenue of $220.80 million for the quarter, compared to the consensus estimate of $194.37 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was down 47.4% compared to the same quarter last year. On average, analysts anticipate that GoPro will post ($1.07) earnings per share for the current year.
In other GoPro news, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction that occurred 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 owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction that occurred 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 bought and sold shares of the stock. Riverhead Capital Management LLC bought a new stake in GoPro during the first quarter valued at $1,220,000. Sanders Morris Harris Inc. raised its stake in GoPro by 71.4% in the second quarter. Sanders Morris Harris Inc. now owns 40,800 shares of the company’s stock valued at $441,000 after buying an additional 17,000 shares in the last quarter. Seven Eight Capital LLC raised its stake in GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares in the last quarter. HBK Investments L P bought a new stake in GoPro during the first quarter valued at $357,000. Finally, Essex Investment Management Co. LLC bought a new stake in GoPro during the second quarter valued at $910,000. 28.46% of the stock is 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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