GoPro (GPRO) Rating Reiterated by Wedbush

Wedbush reaffirmed their neutral rating on shares of GoPro (NASDAQ:GPRO) in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has a $6.00 price objective on the stock, down from their prior price objective of $10.50. Wedbush also issued estimates for GoPro’s Q4 2017 earnings at $0.07 EPS, FY2017 earnings at ($0.57) EPS, Q1 2018 earnings at ($0.35) EPS, Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.46) EPS.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. set a $9.00 price objective on GoPro and gave the stock a buy rating in a research report on Monday, January 8th. Longbow Research upgraded GoPro from a neutral rating to a buy rating and upped 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. Zacks Investment Research upgraded GoPro from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Wednesday, October 4th. Oppenheimer restated a hold rating on shares of GoPro in a research report on Friday, September 29th. Finally, Vetr downgraded 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. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $8.74.

Shares of GoPro (GPRO) traded up $0.08 during mid-day trading on Tuesday, hitting $6.23. The company had a trading volume of 5,150,000 shares, compared to its average volume of 5,920,000. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. GoPro has a twelve month low of $5.04 and a twelve month high of $11.89. The company has a market cap of $909.32, a P/E ratio of -3.62 and a beta of 0.53.

In other news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the sale, the director now owns 99,459 shares of the company’s stock, valued at $793,682.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Mcgee sold 7,541 shares of the 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 approximately $651,544.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 704,907 shares of company stock valued at $6,478,800. Insiders own 28.58% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. increased its stake in shares of GoPro by 226.6% in the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the period. Argent Capital Management LLC acquired a new stake in shares of GoPro in the third quarter valued at about $1,028,000. Cubist Systematic Strategies LLC increased its stake in shares of GoPro by 416.1% in the third quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after buying an additional 23,508 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of GoPro in the third quarter valued at about $266,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of GoPro by 27.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 485,295 shares of the company’s stock valued at $5,343,000 after buying an additional 104,766 shares during the period. 26.07% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.com-unik.info/2018/01/13/gopro-gpro-rating-reiterated-by-wedbush.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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.

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