GoPro Inc (NASDAQ:GPRO) traded down 12.8% on Tuesday after Citigroup lowered their price target on the stock to $7.00. Citigroup currently has a neutral rating on the stock. GoPro traded as low as $5.04 and last traded at $6.56. 59,758,500 shares were traded during mid-day trading, an increase of 287% from the average session volume of 15,452,740 shares. The stock had previously closed at $7.52.
GPRO has been the subject of several other research reports. Vetr cut GoPro from a “buy” rating to a “hold” rating and set a $11.84 price target for the company. in a research note on Monday, September 18th. Wedbush reissued a “neutral” rating on shares of GoPro in a research note on Thursday, October 26th. Dougherty & Co reissued a “sell” rating and issued a $4.00 price target (down previously from $7.00) on shares of GoPro in a research note on Tuesday. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and increased their price target for the company from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.74.
In other GoPro news, CFO Brian Mcgee sold 7,541 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the transaction, the chief financial officer now owns 79,167 shares in the company, valued at $651,544.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total value of $4,789,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 704,907 shares of company stock worth $6,478,800. 28.58% of the stock is owned by corporate insiders.
The stock has a market cap of $898.39, a price-to-earnings ratio of -3.56, a PEG ratio of 8.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.
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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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