GoPro Inc. (GPRO) Rating Reiterated by JPMorgan Chase & Co.
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “buy” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday.
Other equities analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of GoPro in a research report on Thursday, July 28th. BlueFin Research reaffirmed an “add” rating on shares of GoPro in a research report on Monday, September 26th. Vetr raised shares of GoPro from a “hold” rating to a “buy” rating and set a $13.42 price objective for the company in a research report on Tuesday, August 2nd. Bank of America Corp. started coverage on shares of GoPro in a research report on Friday, September 16th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Zacks Investment Research raised shares of GoPro from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.70.
GoPro (NASDAQ:GPRO) opened at 10.28 on Thursday. GoPro has a 12 month low of $8.62 and a 12 month high of $22.95. The stock’s 50 day moving average price is $14.25 and its 200-day moving average price is $12.65. The firm’s market capitalization is $1.45 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. The company had revenue of $240.57 million for the quarter, compared to analysts’ expectations of $315.89 million. GoPro had a negative return on equity of 49.53% and a negative net margin of 31.23%. The business’s revenue for the quarter was down 39.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Equities analysts forecast that GoPro will post ($1.48) earnings per share for the current year.
In other GoPro news, Director Edward A. Gilhuly sold 700,000 shares of GoPro 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 document filed with the SEC, which is available through this link. Also, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of the transaction, the president now owns 398,137 shares in the company, valued at $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new position in GoPro during the second quarter worth approximately $100,000. Gilder Gagnon Howe & Co. LLC acquired a new position in GoPro during the third quarter worth approximately $109,000. Emerald Acquisition Ltd. acquired a new position in GoPro during the second quarter worth approximately $111,000. Penserra Capital Management LLC raised its position in GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock worth $114,000 after buying an additional 3,164 shares in the last quarter. Finally, MSI Financial Services Inc raised 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 worth $114,000 after buying an additional 2,044 shares in the last quarter. Institutional investors own 30.18% 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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