GoPro’s (GPRO) “Outperform” Rating Reiterated at Raymond James Financial Inc.
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “outperform” rating reiterated by analysts at Raymond James Financial Inc. in a research note issued on Friday.
GPRO has been the subject of several other research reports. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, September 27th. Dougherty & Co reiterated a “positive” rating on shares of GoPro in a research report on Wednesday, September 7th. Vetr upgraded shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price target for the company in a research report on Monday, August 22nd. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of GoPro in a research report on Tuesday, September 13th. Finally, Piper Jaffray Cos. set a $9.00 price target on shares of GoPro and gave the stock a “sell” rating in a research report on Wednesday, September 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. GoPro has an average rating of “Hold” and a consensus target price of $15.89.
Shares of GoPro (NASDAQ:GPRO) opened at 13.60 on Friday. The firm has a 50-day moving average of $15.11 and a 200-day moving average of $12.63. GoPro has a 52-week low of $8.62 and a 52-week high of $31.33. The stock’s market cap is $1.90 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.06. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The company earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same quarter in the previous year, the company earned $0.35 EPS. GoPro’s revenue was down 47.4% on a year-over-year basis. On average, equities analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.
In other GoPro news, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $15.12, for a total value of $10,584,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $15.58, for a total transaction of $623,200.00. The disclosure for this sale can be found here. Company insiders own 28.69% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc increased its position in GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares in the last quarter. Advisor Group Inc. bought a new position in GoPro during the second quarter valued at approximately $100,000. BlueMountain Capital Management LLC bought a new position in GoPro during the first quarter valued at approximately $117,000. Marathon Trading Investment Management LLC increased its position in GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in GoPro during the second quarter valued at approximately $111,000. 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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