GoPro’s (GPRO) Sell Rating Reaffirmed at Dougherty & Co

Dougherty & Co restated their sell rating on shares of GoPro (NASDAQ:GPRO) in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $4.00 price target on the stock, down from their prior price target of $7.00.

GPRO has been the topic of several other reports. Vetr downgraded shares of GoPro from a buy rating to a hold rating and set a $11.84 target price on the stock. in a research note on Monday, September 18th. Wedbush reaffirmed a neutral rating on shares of GoPro in a research note on Thursday, October 26th. Longbow Research raised shares of GoPro from a neutral rating to a buy rating and lifted their target price for the stock from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of GoPro from a buy rating to a hold rating in a research note on Wednesday, November 29th. Finally, Bank of America lifted their target price on shares of GoPro from $8.00 to $9.00 and gave the stock an underperform rating in a research note on Tuesday, October 31st. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. GoPro presently has an average rating of Hold and an average price target of $8.74.

Shares of GoPro (NASDAQ:GPRO) traded up $0.08 during midday trading on Tuesday, hitting $6.23. 5,144,049 shares of the company traded hands, 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 12 month low of $5.04 and a 12 month high of $11.89. The stock has a market capitalization of $909.32, a P/E ratio of -3.62 and a beta of 0.53.

In other GoPro news, CEO Nicholas Woodman sold 165,343 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $9.02, for a total transaction of $1,491,393.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total transaction of $135,843.54. Following the transaction, the director now directly owns 99,459 shares in the company, valued at $793,682.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 704,907 shares of company stock worth $6,478,800. Insiders own 28.58% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC purchased a new position in GoPro during the 3rd quarter valued at $122,000. Principal Financial Group Inc. purchased a new position in GoPro during the 3rd quarter valued at $139,000. Nomura Holdings Inc. increased its position in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares during the period. Amalgamated Bank increased its position in GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock worth $125,000 after buying an additional 11,500 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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