GoPro Inc. (GPRO) Receives “Neutral” Rating from Dougherty & Co
A number of other analysts have also recently issued reports on GPRO. Barclays PLC reissued an equal weight rating and set a $12.00 price objective on shares of GoPro in a research report on Thursday, July 28th. Longbow Research cut GoPro from a buy rating to a hold rating in a research report on Wednesday, June 15th. Piper Jaffray Cos. reaffirmed an underweight rating and issued a $6.50 price target on shares of GoPro in a research report on Wednesday, June 15th. Wedbush boosted their price target on GoPro from $13.00 to $14.50 and gave the stock an outperform rating in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $14.00 price target (up previously from $12.50) on shares of GoPro in a research report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) traded down 1.93% during mid-day trading on Wednesday, hitting $16.80. The stock had a trading volume of 3,331,224 shares. The company has a 50 day moving average price of $15.13 and a 200 day moving average price of $12.50. The firm’s market cap is $2.34 billion. GoPro has a 12-month low of $8.62 and a 12-month high of $31.33.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The business’s revenue for the quarter was down 47.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Equities analysts forecast that GoPro will post ($1.07) earnings per share for the current fiscal year.
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 transaction of $623,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the transaction, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Company insiders own 28.69% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in GoPro during the fourth quarter worth about $10,583,000. Commonwealth Equity Services Inc boosted its position in shares of GoPro by 204.9% in the first quarter. Commonwealth Equity Services Inc now owns 70,086 shares of the company’s stock valued at $838,000 after buying an additional 47,098 shares during the last quarter. Nisa Investment Advisors L.L.C. bought a new position in shares of GoPro during the first quarter valued at $300,000. Motley Fool Wealth Management LLC boosted its position in shares of GoPro by 1.9% in the first quarter. Motley Fool Wealth Management LLC now owns 156,531 shares of the company’s stock valued at $1,872,000 after buying an additional 2,889 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of GoPro by 17.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 229,300 shares of the company’s stock valued at $2,742,000 after buying an additional 34,500 shares during the last quarter. Hedge funds and other institutional investors own 28.46% of the company’s stock.
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.
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