GoPro Inc. (NASDAQ:GPRO) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Tuesday. They presently have a $10.96 target price on the stock. Vetr‘s price target would indicate a potential upside of 10.93% from the stock’s current price.

A number of other research firms have also recently commented on GPRO. Dougherty & Co cut shares of GoPro from a “neutral” rating to a “sell” rating and set a $6.00 target price on the stock. in a research report on Wednesday, November 9th. Piper Jaffray Cos. reissued an “underweight” rating and set a $9.00 target price on shares of GoPro in a research report on Tuesday, November 1st. Raymond James Financial Inc. cut shares of GoPro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Robert W. Baird reissued a “neutral” rating and set a $10.00 target price on shares of GoPro in a research report on Sunday, November 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $10.00 target price on shares of GoPro in a research report on Sunday, November 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.40.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

GoPro (NASDAQ:GPRO) opened at 9.88 on Tuesday. GoPro has a 12 month low of $8.62 and a 12 month high of $20.94. The stock’s market capitalization is $1.39 billion. The firm’s 50-day moving average is $12.73 and its 200 day moving average is $12.54.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.25. The business had revenue of $240.57 million for the quarter, compared to analyst estimates of $315.89 million. GoPro had a negative net margin of 31.23% and a negative return on equity of 49.53%. The company’s quarterly revenue was down 39.9% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that GoPro will post ($1.48) earnings per share for the current year.

In related news, President Anthony John Bates sold 9,704 shares of the stock in a transaction that occurred on 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 in the company, valued at $5,637,619.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Mcgee sold 4,497 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $10.32, for a total value of $46,409.04. Following the completion of the transaction, the chief financial officer now owns 51,250 shares in the company, valued at approximately $528,900. The disclosure for this sale can be found here. 28.69% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new position in GoPro during the second quarter worth approximately $100,000. Gilder Gagnon Howe & Co. LLC purchased a new position in GoPro during the third quarter worth approximately $109,000. Emerald Acquisition Ltd. purchased a new position in GoPro during the second quarter worth approximately $111,000. Penserra Capital Management LLC increased 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 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 worth $114,000 after buying an additional 2,044 shares in the last quarter. Hedge funds and other institutional investors own 30.64% of the company’s stock.

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About GoPro

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.

5 Day Chart for NASDAQ:GPRO

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