GPRO has been the topic of a number of other research reports. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of GoPro in a report on Tuesday, September 13th. JPMorgan Chase & Co. set a $17.00 price target on shares of GoPro and gave the company a buy rating in a report on Thursday, July 21st. Longbow Research started coverage on shares of GoPro in a report on Tuesday, June 14th. They set a neutral rating and a $11.88 price target on the stock. Bank of America Corp. started coverage on shares of GoPro in a report on Friday, September 16th. They issued a buy rating and a $19.00 price objective on the stock. Finally, FBN Securities set a $15.00 price objective on shares of GoPro and gave the stock a hold rating in a report on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $15.78.
GoPro (NASDAQ:GPRO) opened at 17.15 on Wednesday. GoPro has a one year low of $8.62 and a one year high of $32.15. The company’s market cap is $2.39 billion. The stock has a 50 day moving average of $14.60 and a 200-day moving average of $12.24.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.06. The firm had revenue of $220.80 million for the quarter, compared to the consensus estimate of $194.37 million. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The business’s quarterly revenue was down 47.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts predict that GoPro will post ($1.07) EPS for the current fiscal year.
In other GoPro news, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $15.12, for a total transaction of $10,584,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Anthony John Bates sold 9,704 shares of the business’s 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 transaction, 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. 28.69% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPRO. Geode Capital Management LLC boosted its position in GoPro by 2.3% in the first quarter. Geode Capital Management LLC now owns 498,157 shares of the company’s stock worth $5,957,000 after buying an additional 11,122 shares during the period. Riverhead Capital Management LLC purchased a new position in GoPro during the first quarter worth $1,220,000. Quadrature Capital Ltd purchased a new position in GoPro during the first quarter worth $220,000. Scotia Capital Inc. boosted its position in GoPro by 427.0% in the first quarter. Scotia Capital Inc. now owns 11,250 shares of the company’s stock worth $135,000 after buying an additional 14,690 shares during the period. Finally, State Street Corp boosted its position in GoPro by 3.5% in the first quarter. State Street Corp now owns 1,020,740 shares of the company’s stock worth $12,211,000 after buying an additional 34,584 shares during the period. Institutional investors and hedge funds 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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