GoPro Inc (NASDAQ:GPRO) – Stock analysts at Wedbush raised their Q1 2017 earnings per share estimates for shares of GoPro in a research report issued on Thursday. Wedbush analyst N. Mckay now forecasts that the firm will earn ($0.55) per share for the quarter, up from their prior estimate of ($0.64). Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for GoPro’s Q2 2017 earnings at ($0.34) EPS, Q3 2017 earnings at ($0.23) EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at ($0.64) EPS.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 2nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. GoPro had a negative return on equity of 44.14% and a negative net margin of 35.35%. The firm earned $540.62 million during the quarter, compared to the consensus estimate of $585.31 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue was up 23.8% compared to the same quarter last year.
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Other analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. reissued a “” rating on shares of GoPro in a report on Monday, February 6th. Vetr cut GoPro from a “strong-buy” rating to a “buy” rating and set a $10.96 price target for the company. in a report on Tuesday, November 22nd. Johnson Rice reissued a “buy” rating on shares of GoPro in a report on Wednesday, January 18th. JPMorgan Chase & Co. set a $12.00 price target on GoPro and gave the company a “buy” rating in a report on Thursday, March 16th. Finally, Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Monday. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. GoPro presently has an average rating of “Hold” and a consensus target price of $10.25.
Shares of GoPro (NASDAQ:GPRO) opened at 8.66 on Monday. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The company’s 50 day moving average price is $9.09 and its 200-day moving average price is $11.18. The firm’s market cap is $1.23 billion.
In related news, General Counsel Sharon S. Zezima sold 6,297 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $9.16, for a total value of $57,680.52. Following the completion of the transaction, the general counsel now directly owns 70,662 shares of the company’s stock, valued at approximately $647,263.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Mcgee sold 5,692 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $9.31, for a total value of $52,992.52. Following the completion of the transaction, the chief financial officer now directly owns 91,250 shares of the company’s stock, valued at $849,537.50. The disclosure for this sale can be found here. Insiders sold a total of 84,668 shares of company stock valued at $738,432 over the last ninety days. 28.69% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC purchased a new position in GoPro during the third quarter valued at $109,000. MSI Financial Services Inc increased its position in GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares during the last quarter. Seven Eight Capital LP purchased a new position in GoPro during the fourth quarter valued at $118,000. Allianz Asset Management AG purchased a new position in GoPro during the fourth quarter valued at $124,000. Finally, Frontier Wealth Management LLC purchased a new position in GoPro during the fourth quarter valued at $132,000. 33.16% 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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