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.
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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.
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