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.
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?
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