GoPro, Inc. (GPRO) Receives $8.27 Consensus Target Price from Brokerages
Shares of GoPro, Inc. (NASDAQ:GPRO) have earned an average rating of “Hold” from the twenty-six analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $8.27.
A number of analysts have weighed in on GPRO shares. Vetr downgraded shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $9.54 target price for the company. in a research report on Tuesday, March 28th. Dougherty & Co reissued a “sell” rating and set a $5.00 target price on shares of GoPro in a research report on Tuesday, April 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $9.00 price objective on shares of GoPro in a research report on Monday, April 17th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of GoPro in a research report on Monday, May 1st. Finally, J P Morgan Chase & Co set a $12.00 price objective on shares of GoPro and gave the stock a “buy” rating in a research report on Sunday, April 30th.
Shares of GoPro (NASDAQ GPRO) traded down 0.62% on Monday, reaching $7.96. 1,778,315 shares of the company were exchanged. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68. The company’s 50-day moving average price is $8.15 and its 200 day moving average price is $8.70. The company’s market cap is $1.14 billion.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, April 27th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.01. The business had revenue of $218.61 million during the quarter, compared to the consensus estimate of $206.23 million. GoPro had a negative net margin of 34.63% and a negative return on equity of 49.75%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) EPS. On average, equities research analysts expect that GoPro will post ($0.15) EPS for the current year.
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In related news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the completion of the sale, the director now owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 28.69% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Creative Planning raised its stake in shares of GoPro by 21.4% in the second quarter. Creative Planning now owns 91,248 shares of the company’s stock valued at $742,000 after buying an additional 16,090 shares during the period. First Financial Equity Corporation purchased a new stake in shares of GoPro during the first quarter valued at $247,000. HighTower Advisors LLC raised its stake in shares of GoPro by 5.5% in the first quarter. HighTower Advisors LLC now owns 197,832 shares of the company’s stock valued at $1,718,000 after buying an additional 10,232 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of GoPro during the first quarter valued at $1,063,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of GoPro by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock valued at $625,000 after buying an additional 3,061 shares during the period. 25.21% of the stock is owned by institutional investors.
GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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