News coverage about GoPro (NASDAQ:GPRO) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. GoPro earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.2123954925005 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Nokia Pulls Out of ‘Slow-Developing’ Virtual Reality Business (finance.yahoo.com)
- Volume Boosters with Technical Valuation: GoPro, Inc. (NASDAQ:GPRO) – NASDAQ Times (nasdaqtimes.com)
- Gopro Inc Cl A Cmn (GPRO) Technical Fundamentals and Valuation – ExpertGazette (expertgazette.com)
- ETFs with exposure to GoPro, Inc. : October 10, 2017 (finance.yahoo.com)
- Google Releases a Multitude of Devices to Counter Amazon, Apple, and… GoPro? (finance.yahoo.com)
Several equities research analysts have issued reports on the stock. Vetr downgraded shares of GoPro from a “buy” rating to a “hold” rating and set a $11.84 price objective for the company. in a research report on Monday, September 18th. BidaskClub upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Dougherty & Co restated a “sell” rating and set a $5.00 price objective on shares of GoPro in a research report on Wednesday, July 5th. Finally, Raymond James Financial, Inc. upgraded shares of GoPro from an “underperform” rating to a “market perform” rating in a research report on Friday, August 4th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. GoPro currently has a consensus rating of “Hold” and an average price target of $9.27.
Shares of GoPro (GPRO) traded down 1.23% on Wednesday, reaching $9.63. 5,905,468 shares of the company’s stock traded hands. The company’s 50-day moving average price is $10.27 and its 200 day moving average price is $8.97. The firm’s market cap is $1.31 billion. GoPro has a one year low of $7.14 and a one year high of $15.68.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $296.52 million for the quarter, compared to analysts’ expectations of $268.94 million. During the same period in the prior year, the company posted ($0.52) EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities analysts forecast that GoPro will post $0.05 EPS for the current fiscal year.
In other GoPro news, Director Anthony John Bates sold 25,529 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the sale, the director now directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles J. Prober sold 24,918 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now owns 148,493 shares in the company, valued at $1,633,423. The disclosure for this sale can be found here. Insiders sold a total of 51,344 shares of company stock worth $542,205 over the last quarter. Corporate insiders own 28.58% of the company’s stock.
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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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