GoPro (GPRO) Sets New 12-Month Low at $6.06

GoPro Inc (NASDAQ:GPRO) shares reached a new 52-week low on Monday . The stock traded as low as $6.06 and last traded at $7.52, with a volume of 3712200 shares traded. The stock had previously closed at $7.57.

GPRO has been the subject of several research analyst reports. BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Wedbush reissued a “neutral” rating on shares of GoPro in a research report on Thursday, October 26th. Vetr raised GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price objective for the company in a research report on Thursday, October 19th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered GoPro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.33.

The company has a market capitalization of $995.00, a PE ratio of -4.37, a P/E/G ratio of 8.36 and a beta of 0.53. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.

In related news, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $9.30, for a total value of $4,789,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Mcgee sold 7,541 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $8.23, for a total value of $62,062.43. Following the completion of the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The disclosure for this sale can be found here. Insiders sold a total of 704,907 shares of company stock valued at $6,478,800 over the last ninety days. 28.58% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of GPRO. Nomura Holdings Inc. increased its holdings in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after purchasing an additional 704 shares in the last quarter. Amalgamated Bank increased its holdings in GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after purchasing an additional 1,858 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in GoPro during the 3rd quarter worth approximately $122,000. Principal Financial Group Inc. bought a new stake in GoPro during the 3rd quarter worth approximately $139,000. Finally, Virtu KCG Holdings LLC increased its holdings in GoPro by 58.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 28,278 shares of the company’s stock worth $230,000 after purchasing an additional 10,390 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2018/01/08/gopro-gpro-sets-new-12-month-low-at-6-06.html.

About GoPro

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.

What are top analysts saying about GoPro? - 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 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