GoPro (GPRO) Given Coverage Optimism Rating of 0.17
News headlines about GoPro (NASDAQ:GPRO) have trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GoPro earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.4094674838714 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- GoPro, Inc. (GPRO) Expected to Post Earnings of -$0.04 Per Share (americanbankingnews.com)
- GoPro, Inc. Forecasted to Earn Q3 2017 Earnings of ($0.02) Per Share (GPRO) (americanbankingnews.com)
- Can GoPro Stock Keep Going After Last Week's 14% Pop? (finance.yahoo.com)
- Traders Buy High Volume of Call Options on GoPro (GPRO) (americanbankingnews.com)
- GoPro (GPRO) in Focus: Stock Moves 12.4% Higher – Nasdaq (nasdaq.com)
Several brokerages have recently weighed in on GPRO. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of GoPro in a research note on Wednesday, August 9th. Citigroup Inc. restated a “neutral” rating and set a $10.50 target price on shares of GoPro in a research note on Friday. Morgan Stanley raised their target price on GoPro from $8.50 to $9.50 and gave the company an “equal weight” rating in a research note on Friday. Finally, Vetr downgraded GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 target price for the company. in a research note on Monday, August 7th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. GoPro currently has an average rating of “Hold” and a consensus price target of $8.75.
Shares of GoPro (NASDAQ GPRO) traded up 7.99% during midday trading on Monday, hitting $11.08. 10,936,838 shares of the company’s stock traded hands. GoPro has a 1-year low of $7.14 and a 1-year high of $17.68. The company has a 50 day moving average price of $9.12 and a 200 day moving average price of $8.59. The firm’s market capitalization is $1.50 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The company had revenue of $296.52 million during the quarter, compared to the consensus estimate of $268.94 million. During the same quarter in the prior year, the firm earned ($0.52) earnings per share. The firm’s revenue was up 34.3% compared to the same quarter last year.
In other news, Director Anthony John Bates sold 25,529 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total transaction of $259,629.93. Following the completion of the sale, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.69% of the stock is owned by corporate insiders.
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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