GoPro, Inc. (NASDAQ:GPRO) saw some unusual options trading activity on Friday. Investors purchased 10,500 put options on the company. This is an increase of approximately 428% compared to the typical volume of 1,987 put options.
A number of brokerages have recently issued reports on GPRO. Goldman Sachs Group, Inc. (The) raised shares of GoPro from a “sell” rating to a “neutral” rating and upped their price objective for the company from $6.75 to $10.00 in a research note on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of GoPro in a research note on Wednesday, August 9th. BidaskClub raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr cut shares of GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price target for the company. in a research report on Monday, August 7th. Finally, Morgan Stanley set a $9.00 price target on shares of GoPro and gave the company a “hold” rating in a research report on Saturday, August 5th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.47.
In other news, Director Anthony John Bates sold 41,076 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total value of $348,735.24. Following the completion of the sale, the director now owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 28.69% of the stock is currently owned by corporate insiders.
Shares of GoPro (NASDAQ GPRO) traded down 2.90% on Friday, hitting $9.05. 4,398,963 shares of the company traded hands. The firm’s 50-day moving average is $8.63 and its 200 day moving average is $8.64. The firm’s market capitalization is $1.23 billion. GoPro has a 1-year low of $7.14 and a 1-year high of $17.68.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The company had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same period in the prior year, the firm earned ($0.52) earnings per share. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, analysts anticipate that GoPro will post ($0.05) earnings per share for the current fiscal year.
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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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