GoPro Inc. (GPRO) Short Interest Update
GoPro Inc. (NASDAQ:GPRO) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 32,732,686 shares, an increase of 6.1% from the August 31st total of 30,848,133 shares. Approximately 35.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,193,372 shares, the days-to-cover ratio is presently 5.3 days.
In other GoPro news, Director Michael E. Marks sold 40,000 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $15.58, for a total value of $623,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward A. Gilhuly sold 700,000 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $15.12, for a total value of $10,584,000.00. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in GPRO. IFP Advisors Inc boosted its position in GoPro by 20.2% in the second quarter. IFP Advisors Inc now owns 21,721 shares of the company’s stock valued at $235,000 after buying an additional 3,646 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in GoPro by 152.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,321 shares of the company’s stock valued at $3,117,000 after buying an additional 173,950 shares during the last quarter. Amalgamated Bank boosted its position in GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock valued at $154,000 after buying an additional 482 shares during the last quarter. Legal & General Group Plc boosted its position in GoPro by 273.6% in the second quarter. Legal & General Group Plc now owns 25,585 shares of the company’s stock valued at $271,000 after buying an additional 18,736 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in GoPro by 1,004.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 73,859 shares of the company’s stock valued at $798,000 after buying an additional 67,171 shares during the last quarter. Institutional investors own 28.46% of the company’s stock.
GoPro (NASDAQ:GPRO) opened at 16.99 on Thursday. GoPro has a 12 month low of $8.62 and a 12 month high of $31.95. The stock’s market cap is $2.37 billion. The company’s 50-day moving average price is $14.83 and its 200-day moving average price is $12.34.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The company had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was down 47.4% on a year-over-year basis. Equities analysts forecast that GoPro will post ($1.07) earnings per share for the current year.
A number of equities research analysts have commented on GPRO shares. Zacks Investment Research upgraded GoPro from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday. Dougherty & Co reissued a “positive” rating on shares of GoPro in a report on Wednesday, September 7th. Vetr raised GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price objective on the stock in a report on Monday, August 22nd. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. Finally, Piper Jaffray Cos. set a $9.00 price objective on GoPro and gave the company a “sell” rating in a report on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.94.
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
Receive News & Stock Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related stocks with our FREE daily email newsletter.