GoPro Inc. (GPRO) Rating Lowered to Buy at Vetr Inc.
GoPro Inc. (NASDAQ:GPRO) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $10.96 price objective on the stock. Vetr‘s price target would suggest a potential upside of 11.50% from the company’s previous close.
GPRO has been the topic of several other research reports. Wedbush reiterated an “outperform” rating and set a $17.50 price target on shares of GoPro in a research report on Thursday, October 27th. Raymond James Financial Inc. reiterated an “outperform” rating on shares of GoPro in a research report on Friday, October 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $16.00 price target on shares of GoPro in a research report on Saturday, October 15th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, September 27th. Finally, Dougherty & Co reiterated a “positive” rating on shares of GoPro in a research report on Wednesday, September 7th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.41.
GoPro (NASDAQ:GPRO) opened at 9.83 on Monday. The company’s market cap is $1.38 billion. GoPro has a 52-week low of $8.62 and a 52-week high of $20.60. The firm’s 50 day moving average is $12.22 and its 200 day moving average is $12.59.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate 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 had revenue of $240.57 million for the quarter, compared to analysts’ expectations of $315.89 million. During the same quarter in the prior year, the firm earned $0.25 EPS. GoPro’s quarterly revenue was down 39.9% compared to the same quarter last year. Analysts forecast that GoPro will post ($1.48) EPS for the current fiscal year.
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In related news, CFO Brian Mcgee sold 4,497 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $10.32, for a total transaction of $46,409.04. Following the completion of the transaction, the chief financial officer now directly owns 51,250 shares of the company’s stock, valued at $528,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the firm’s 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 transaction, the president now directly owns 398,137 shares of the company’s stock, valued at $5,637,619.92. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in GoPro by 38.4% in the second quarter. SG Americas Securities LLC now owns 334,226 shares of the company’s stock valued at $3,613,000 after buying an additional 92,733 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in GoPro during the second quarter valued at $111,000. Swiss National Bank bought a new position in GoPro during the second quarter valued at $1,484,000. Suntrust Banks Inc. boosted its position in GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock valued at $179,000 after buying an additional 696 shares during the last quarter. Finally, Societe Generale bought a new position in GoPro during the second quarter valued at $3,613,000. 32.87% of the stock is 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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