GoPro Inc (GPRO) Receives Average Recommendation of “Hold” from Analysts

GoPro Inc (NASDAQ:GPRO) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.86.

GPRO has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of GoPro from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. BidaskClub raised shares of GoPro from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Wedbush reaffirmed a “neutral” rating and issued a $6.00 price objective on shares of GoPro in a research report on Thursday, January 31st. Finally, Longbow Research reaffirmed a “hold” rating on shares of GoPro in a research report on Tuesday, April 9th.

Shares of NASDAQ:GPRO traded up $0.02 during trading on Friday, reaching $6.07. The stock had a trading volume of 1,597,671 shares, compared to its average volume of 2,348,455. GoPro has a one year low of $4.00 and a one year high of $7.60. The stock has a market capitalization of $912.01 million, a P/E ratio of -13.20, a P/E/G ratio of 9.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.19 and a current ratio of 1.58.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $374.28 million. During the same period last year, the business earned ($0.30) EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that GoPro will post 0.06 EPS for the current year.

In other news, CFO Brian Mcgee sold 19,526 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total transaction of $117,937.04. The sale 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 the business’s stock in a transaction dated 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. Insiders sold a total of 2,819,526 shares of company stock worth $17,561,937 in the last three months. 26.61% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of GoPro by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the last quarter. Vanguard Group Inc increased its stake in GoPro by 3.3% during the third quarter. Vanguard Group Inc now owns 9,942,143 shares of the company’s stock worth $71,584,000 after purchasing an additional 318,197 shares during the period. Canada Pension Plan Investment Board increased its stake in GoPro by 1,407.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,894,661 shares of the company’s stock worth $12,272,000 after purchasing an additional 2,702,700 shares during the period. Marshall Wace LLP purchased a new stake in GoPro during the third quarter worth about $16,679,000. Finally, Northern Trust Corp increased its stake in GoPro by 1.5% during the fourth quarter. Northern Trust Corp now owns 1,420,543 shares of the company’s stock worth $6,024,000 after purchasing an additional 20,463 shares during the period. 41.00% of the stock is currently owned by hedge funds and other institutional investors.

About GoPro

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.

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Analyst Recommendations for GoPro (NASDAQ:GPRO)

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