GoPro Inc. (GPRO) Upgraded by Vetr Inc. to Strong-Buy
Vetr upgraded shares of GoPro Inc. (NASDAQ:GPRO) from a buy rating to a strong-buy rating in a report released on Thursday morning. They currently have $12.51 price objective on the stock.
A number of other equities research analysts have also issued reports on the company. Dougherty & Co reaffirmed a neutral rating on shares of GoPro in a research note on Friday, November 11th. Hilliard Lyons lowered GoPro to a neutral rating in a research note on Thursday, November 10th. JPMorgan Chase & Co. reissued a buy rating on shares of GoPro in a research note on Thursday, November 10th. Piper Jaffray Cos. set a $9.00 price target on GoPro and gave the stock a sell rating in a research note on Wednesday, November 9th. Finally, Raymond James Financial Inc. lowered GoPro from an outperform rating to a market perform rating in a research note on Wednesday, November 9th. 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 assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $13.47.
Shares of GoPro (NASDAQ:GPRO) opened at 9.88 on Thursday. The stock has a 50 day moving average price of $12.73 and a 200-day moving average price of $12.54. The firm’s market capitalization is $1.39 billion. GoPro has a 52 week low of $8.62 and a 52 week high of $20.94.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.25. GoPro had a negative net margin of 31.23% and a negative return on equity of 49.53%. The company earned $240.57 million during the quarter, compared to analysts’ expectations of $315.89 million. During the same period in the previous year, the company posted $0.25 EPS. GoPro’s quarterly revenue was down 39.9% compared to the same quarter last year. Equities analysts anticipate that GoPro will post ($1.48) earnings per share for the current year.
In other news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction that occurred on Wednesday, September 7th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian Mcgee sold 4,497 shares of GoPro stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $10.32, for a total value of $46,409.04. Following the sale, the chief financial officer now directly 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 currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new stake in GoPro during the second quarter worth $100,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in GoPro during the third quarter worth $109,000. Emerald Acquisition Ltd. acquired a new stake in GoPro during the second quarter worth $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 worth $114,000 after buying an additional 3,164 shares during the period. Finally, 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 worth $114,000 after buying an additional 2,044 shares during the period. 30.64% of the stock is currently owned by institutional investors.
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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