GoPro Inc. (GPRO) Stock Rating Upgraded by Vetr Inc.
GoPro Inc. (NASDAQ:GPRO) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $11.04 price objective on the stock. Vetr‘s price objective indicates a potential upside of 12.31% from the company’s previous close.
GPRO has been the topic of several other research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $16.00 price objective on shares of GoPro in a research note on Saturday, October 15th. Stifel Nicolaus restated a “hold” rating and set a $10.00 price objective on shares of GoPro in a research note on Sunday, November 6th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of GoPro in a research note on Tuesday, September 13th. Wedbush set a $12.00 price objective on GoPro and gave the company a “buy” rating in a research note on Sunday, November 6th. Finally, Bank of America Corp. restated a “buy” rating and set a $19.00 price objective on shares of GoPro in a research note on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. GoPro presently has a consensus rating of “Hold” and an average price target of $13.41.
Shares of GoPro (NASDAQ:GPRO) opened at 9.83 on Wednesday. The stock’s market capitalization is $1.38 billion. The company has a 50 day moving average price of $12.22 and a 200-day moving average price of $12.59. GoPro has a 1-year low of $8.62 and a 1-year high of $20.60.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $240.57 million for the quarter, compared to analyst estimates of $315.89 million. During the same quarter in the previous year, the company earned $0.25 EPS. The company’s quarterly revenue was down 39.9% compared to the same quarter last year. On average, equities research analysts forecast that GoPro will post ($1.48) EPS for the current fiscal year.
In other news, CFO Brian Mcgee sold 4,497 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $10.32, for a total transaction of $46,409.04. Following the completion of the sale, the chief financial officer now owns 51,250 shares in the company, valued at approximately $528,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the sale, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock worth $26,630,000 after buying an additional 1,826,461 shares during the last quarter. AQR Capital Management LLC raised its stake in GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock worth $34,272,000 after buying an additional 1,190,470 shares during the last quarter. Ameriprise Financial Inc. raised its stake in GoPro by 1,869.6% in the third quarter. Ameriprise Financial Inc. now owns 831,346 shares of the company’s stock worth $13,867,000 after buying an additional 789,138 shares during the last quarter. Teachers Advisors LLC raised its stake in GoPro by 234.8% in the third quarter. Teachers Advisors LLC now owns 1,091,694 shares of the company’s stock worth $18,209,000 after buying an additional 765,645 shares during the last quarter. Finally, State Street Corp raised its stake in GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock worth $18,266,000 after buying an additional 668,942 shares during the last quarter. Institutional investors own 32.87% of the company’s stock.
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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