GoPro Inc (GPRO) Raised to Strong-Buy at Vetr Inc.

Vetr upgraded shares of GoPro Inc (NASDAQ:GPRO) from a buy rating to a strong-buy rating in a research note published on Friday, April 14th. They currently have $9.67 price target on the stock.

Several other brokerages also recently commented on GPRO. Robert W. Baird downgraded GoPro from a neutral rating to an underperform rating and dropped their price objective for the stock from $10.00 to $6.00 in a research note on Friday, February 3rd. Stifel Nicolaus reissued a hold rating and issued a $9.00 price target (down previously from $10.00) on shares of GoPro in a research note on Thursday, March 16th. Wedbush set a $9.00 price target on GoPro and gave the company a hold rating in a research note on Wednesday, February 8th. Zacks Investment Research downgraded GoPro from a hold rating to a sell rating in a research note on Monday, January 30th. Finally, Pacific Crest reissued a hold rating on shares of GoPro in a research note on Tuesday, January 24th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $10.25.

Shares of GoPro (NASDAQ:GPRO) traded up 2.06% during midday trading on Friday, hitting $8.42. The stock had a trading volume of 1,502,742 shares. The stock’s market capitalization is $1.21 billion. GoPro has a 52 week low of $7.14 and a 52 week high of $17.68. The stock has a 50 day moving average price of $8.64 and a 200-day moving average price of $9.21.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.53) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.01. The business had revenue of $218.61 million for the quarter, compared to the consensus estimate of $206.23 million. GoPro had a negative return on equity of 44.14% and a negative net margin of 35.35%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.63) EPS. Equities research analysts anticipate that GoPro will post ($0.11) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/05/19/gopro-inc-gpro-upgraded-at-vetr-inc-updated-updated-updated.html.

In other news, CFO Brian Mcgee sold 5,692 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $9.31, for a total transaction of $52,992.52. Following the transaction, the chief financial officer now owns 91,250 shares in the company, valued at $849,537.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony John Bates sold 41,077 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $8.19, for a total transaction of $336,420.63. Following the transaction, the director now owns 208,617 shares in the company, valued at approximately $1,708,573.23. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.

Several institutional investors have recently made changes to their positions in GPRO. First Financial Equity Corporation bought a new position in shares of GoPro during the first quarter valued at $247,000. HighTower Advisors LLC raised its position in shares of GoPro by 5.5% in the first quarter. HighTower Advisors LLC now owns 197,832 shares of the company’s stock valued at $1,718,000 after buying an additional 10,232 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of GoPro during the first quarter valued at $1,063,000. Metropolitan Life Insurance Co. NY raised its position in shares of GoPro by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock valued at $625,000 after buying an additional 3,061 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in GoPro during the first quarter worth $113,000. Hedge funds and other institutional investors own 33.16% of the company’s stock.

GoPro Company Profile

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

5 Day Chart for NASDAQ:GPRO

To view Vetr’s full report, visit Vetr’s official website.

What are top analysts saying about GoPro Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for GoPro Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit