GoPro’s (GPRO) Hold Rating Reiterated at Longbow Research

Longbow Research reissued their hold rating on shares of GoPro (NASDAQ:GPRO) in a research note released on Tuesday morning, TipRanks reports.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of GoPro from a hold rating to a buy rating and set a $5.75 price target on the stock in a report on Friday, February 8th. BidaskClub raised shares of GoPro from a hold rating to a buy rating in a report on Wednesday, January 9th. ValuEngine raised shares of GoPro from a sell rating to a hold rating in a report on Tuesday, January 15th. Finally, Wedbush reaffirmed a neutral rating and set a $6.00 price target on shares of GoPro in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $6.72.

Shares of NASDAQ:GPRO opened at $6.73 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.19 and a debt-to-equity ratio of 0.66. GoPro has a 1-year low of $4.00 and a 1-year high of $7.60. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -14.63, a PEG ratio of 10.25 and a beta of 0.74.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The business had revenue of $377.38 million for the quarter, compared to the consensus estimate of $374.28 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts predict that GoPro will post 0.06 EPS for the current fiscal year.

In other news, CFO Brian Mcgee sold 19,526 shares of GoPro stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total transaction of $117,937.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nicholas Woodman sold 1,400,000 shares of GoPro stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $5.94, for a total transaction of $8,316,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,819,526 shares of company stock worth $17,561,937. Company insiders own 26.61% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new stake in shares of GoPro during the fourth quarter valued at approximately $44,000. Blueshift Asset Management LLC bought a new stake in shares of GoPro during the fourth quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of GoPro during the third quarter valued at approximately $116,000. Cambridge Investment Research Advisors Inc. raised its position in shares of GoPro by 55.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after buying an additional 5,829 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of GoPro by 36.6% during the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after buying an additional 4,395 shares during the last quarter. Hedge funds and other institutional investors own 41.05% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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