Several other brokerages also recently issued reports on GPRO. BlueFin Research reiterated an add rating on shares of GoPro in a research report on Monday, September 26th. Bank of America Corp. reiterated 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 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. Dougherty & Co reiterated a neutral rating on shares of GoPro in a research report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. reiterated a market perform rating on shares of GoPro in a research report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. GoPro has an average rating of Hold and an average price target of $15.89.
Shares of GoPro (NASDAQ:GPRO) opened at 14.41 on Thursday. GoPro has a one year low of $8.62 and a one year high of $30.67. The stock’s market capitalization is $2.01 billion. The stock’s 50 day moving average price is $15.08 and its 200 day moving average price is $12.67.
GoPro (NASDAQ:GPRO) last posted its earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The business earned $220.80 million during 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%. GoPro’s revenue was down 47.4% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, analysts forecast that GoPro will post ($1.07) EPS for the current year.
In related news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the sale, the president now owns 398,137 shares in the company, valued at approximately $5,637,619.92. 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 added to or reduced their stakes in the company. MSI Financial Services Inc increased its position in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock worth $114,000 after buying an additional 2,044 shares during the period. Prospera Financial Services Inc acquired a new position in shares of GoPro during the third quarter worth $595,000. BNP Paribas Arbitrage SA increased its position in shares of GoPro by 152.2% in the third quarter. BNP Paribas Arbitrage SA now owns 388,344 shares of the company’s stock worth $6,478,000 after buying an additional 234,352 shares during the period. IFP Advisors Inc increased its position in shares of GoPro by 20.2% in the second quarter. IFP Advisors Inc now owns 21,721 shares of the company’s stock worth $235,000 after buying an additional 3,646 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of GoPro by 152.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,321 shares of the company’s stock worth $3,117,000 after buying an additional 173,950 shares during the period. Institutional investors and hedge funds own 28.60% 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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