GoPro Inc. (GPRO) Receives “Equal Weight” Rating from Pacific Crest
Several other analysts have also weighed in on the company. Bank of America Corp. initiated coverage on GoPro in a report on Friday, September 16th. They issued a buy rating and a $19.00 price objective for the company. Dougherty & Co reaffirmed a hold rating on shares of GoPro in a report on Monday, July 18th. Wedbush upped their target price on GoPro from $14.50 to $17.50 and gave the company an outperform rating in a report on Tuesday, September 20th. BlueFin Research reaffirmed an add rating on shares of GoPro in a report on Monday, September 26th. Finally, Vetr raised GoPro from a buy rating to a strong-buy rating and set a $17.43 target price for the company in a report on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $15.89.
GoPro (NASDAQ:GPRO) traded up 2.13% on Monday, hitting $14.37. The stock had a trading volume of 1,437,258 shares. GoPro has a 12-month low of $8.62 and a 12-month high of $31.33. The company’s 50 day moving average is $15.09 and its 200 day moving average is $12.65. The firm’s market cap is $2.00 billion.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to analyst estimates of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. GoPro’s quarterly revenue was down 47.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. On average, equities research analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.
In other GoPro news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were 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 can be accessed through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total transaction of $137,408.64. Following the sale, the president now owns 398,137 shares of the company’s stock, valued at $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 large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in GoPro during the second quarter worth about $100,000. Emerald Acquisition Ltd. purchased a new stake in GoPro during the second quarter worth about $111,000. Penserra Capital Management LLC boosted its stake in GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock valued at $114,000 after buying an additional 3,164 shares during the last quarter. MSI Financial Services Inc boosted its stake 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 during the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in GoPro during the first quarter valued at $117,000. Institutional investors own 28.60% of the company’s stock.
GoPro Company Profile
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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