J P Morgan Chase & Co Raises GoPro, Inc. (GPRO) Price Target to $15.00
GoPro, Inc. (NASDAQ:GPRO) had its price target hoisted by J P Morgan Chase & Co from $13.00 to $15.00 in a research report released on Thursday. J P Morgan Chase & Co currently has an overweight rating on the stock.
GPRO has been the topic of several other reports. ValuEngine upgraded shares of GoPro from a strong sell rating to a sell rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of GoPro from a strong sell rating to a sell rating in a research note on Thursday, August 3rd. Vetr upgraded shares of GoPro from a buy rating to a strong-buy rating and set a $9.04 price target on the stock in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of GoPro in a research note on Wednesday, August 9th. Finally, Bank of America Corporation restated an underperform rating and issued a $7.00 price target (down from $8.00) on shares of GoPro in a research note on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $8.75.
GoPro (GPRO) opened at 10.26 on Thursday. The company’s market capitalization is $1.39 billion. The stock’s 50 day moving average is $9.08 and its 200-day moving average is $8.61. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, beating 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 business had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. During the same period in the prior year, the company posted ($0.52) earnings per share. GoPro’s revenue was up 34.3% compared to the same quarter last year.
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In related news, Director Anthony John Bates sold 25,529 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares in the company, valued at approximately $1,184,621.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 28.69% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Invictus RG bought a new position in GoPro in the 1st quarter valued at approximately $195,000. Swiss National Bank raised its holdings in GoPro by 3.9% in the 1st quarter. Swiss National Bank now owns 145,600 shares of the company’s stock valued at $1,267,000 after buying an additional 5,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in GoPro by 5.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 455,706 shares of the company’s stock valued at $3,965,000 after buying an additional 23,697 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in GoPro by 3.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock valued at $183,000 after buying an additional 695 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in GoPro by 5.5% in the 1st 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 last quarter. Institutional investors and hedge funds own 24.40% of the company’s stock.
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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