GoPro, Inc. (NASDAQ:GPRO) had its price target decreased by Citigroup Inc. from $11.00 to $10.00 in a research report report published on Thursday morning. Citigroup Inc. currently has a neutral rating on the stock.
A number of other research analysts have also weighed in on GPRO. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of GoPro in a research note on Friday, September 29th. BidaskClub raised shares of GoPro from a sell rating to a hold rating in a research note on Wednesday, August 9th. Raymond James Financial, Inc. upgraded shares of GoPro from an underperform rating to a market perform rating in a report on Friday, August 4th. Bank of America Corporation lifted their price objective on shares of GoPro from $8.00 to $9.00 and gave the company an underperform rating in a report on Tuesday, October 31st. Finally, Cowen and Company reiterated a hold rating and issued a $8.50 price objective on shares of GoPro in a report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $9.68.
GoPro (NASDAQ:GPRO) traded down $0.18 during trading on Thursday, reaching $8.96. 6,346,038 shares of the company traded hands, compared to its average volume of 7,330,000. GoPro has a twelve month low of $7.14 and a twelve month high of $12.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.66.
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 consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.53%. The business had revenue of $296.52 million for the quarter, compared to analyst estimates of $268.94 million. During the same quarter last year, the firm earned ($0.52) EPS. GoPro’s quarterly revenue was up 34.3% compared to the same quarter last year. analysts expect that GoPro will post -0.32 EPS for the current fiscal year.
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In related news, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $10.17, for a total transaction of $259,629.93. Following the completion of the sale, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles J. Prober sold 24,918 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the sale, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The disclosure for this sale can be found here. Insiders have sold 51,344 shares of company stock valued at $542,205 in the last ninety days. 28.58% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in GoPro by 6.7% during the second quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock worth $57,672,000 after acquiring an additional 444,109 shares in the last quarter. State Street Corp raised its stake in GoPro by 6.7% during the second quarter. State Street Corp now owns 1,914,069 shares of the company’s stock worth $15,563,000 after acquiring an additional 120,250 shares in the last quarter. Geode Capital Management LLC raised its stake in GoPro by 9.6% during the first quarter. Geode Capital Management LLC now owns 804,345 shares of the company’s stock worth $6,997,000 after acquiring an additional 70,449 shares in the last quarter. JPMorgan Chase & Co. raised its stake in GoPro by 2.2% during the second quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock worth $4,658,000 after acquiring an additional 12,530 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in GoPro by 22.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock worth $4,528,000 after acquiring an additional 101,157 shares in the last quarter. 24.26% of the stock is owned by hedge funds and other institutional investors.
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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