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.
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.
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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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