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.
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.
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.
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.