GoPro (NASDAQ:GPRO) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. Wedbush set a $38.00 target price on Obseva and gave the stock a buy rating in a research report on Friday, May 10th. Longbow Research reiterated a hold rating on shares of GoPro in a research note on Tuesday, April 9th. JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on Vonovia and gave the stock a buy rating in a research note on Friday, May 10th. Zacks Investment Research lowered G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. Finally, ValuEngine lowered WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $7.44.

GPRO stock traded down $0.03 during midday trading on Thursday, hitting $5.54. The stock had a trading volume of 54,570 shares, compared to its average volume of 2,985,364. The firm has a market capitalization of $846.39 million, a price-to-earnings ratio of -12.04, a price-to-earnings-growth ratio of 3.75 and a beta of 0.42. GoPro has a 52 week low of $4.00 and a 52 week high of $7.64. The stock’s 50-day simple moving average is $5.98. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 1.08.

GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, May 9th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $234.41 million. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. GoPro’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned ($0.34) earnings per share. Equities analysts forecast that GoPro will post 0.15 earnings per share for the current fiscal year.

In other news, SVP Sandor Barna sold 21,642 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total value of $162,098.58. Following the completion of the sale, the senior vice president now directly owns 189,223 shares in the company, valued at $1,417,280.27. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicholas Woodman sold 550,845 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $6.02, for a total value of $3,316,086.90. The disclosure for this sale can be found here. Insiders have sold 3,723,544 shares of company stock valued at $22,623,289 over the last quarter. Corporate insiders own 22.34% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of GoPro by 9.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,863 shares of the company’s stock valued at $149,000 after buying an additional 2,021 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of GoPro by 11.5% in the first quarter. VisionPoint Advisory Group LLC now owns 29,150 shares of the company’s stock valued at $189,000 after buying an additional 3,000 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of GoPro by 50.0% in the first quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock valued at $59,000 after buying an additional 3,062 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of GoPro by 26.8% in the first quarter. Versant Capital Management Inc now owns 20,793 shares of the company’s stock valued at $135,000 after buying an additional 4,395 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of GoPro by 55.2% in 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 in the last quarter. Institutional investors own 47.83% of the company’s stock.

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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