GoPro, Inc. (NASDAQ:GPRO) had its target price upped by analysts at Dougherty & Co from $5.00 to $7.00 in a report released on Monday. The brokerage currently has a “sell” rating on the stock. Dougherty & Co’s price target would suggest a potential downside of 36.88% from the company’s previous close.

Other analysts also recently issued research reports about the company. Vetr downgraded GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 target price for the company. in a research note on Wednesday, June 28th. Wedbush reaffirmed a “neutral” rating on shares of GoPro in a report on Friday, July 28th. Morgan Stanley raised GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Finally, Goldman Sachs Group, Inc. (The) upgraded GoPro from a “sell” rating to a “neutral” rating and upped their price target for the stock from $6.75 to $10.00 in a report on Tuesday, August 15th. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.13.

Shares of GoPro (GPRO) opened at 11.09 on Monday. The firm’s market capitalization is $1.50 billion. The company has a 50-day moving average of $10.18 and a 200 day moving average of $8.92. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. The company had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business posted ($0.52) earnings per share. On average, analysts predict that GoPro will post $0.05 EPS for the current year.

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In other GoPro news, COO Charles J. Prober sold 24,918 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $11.00, for a total value of $274,098.00. Following the transaction, the chief operating officer now directly owns 148,493 shares in the company, valued at $1,633,423. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total transaction of $259,629.93. Following the sale, the director now directly owns 116,482 shares in the company, valued at $1,184,621.94. The disclosure for this sale can be found here. Insiders have sold a total of 51,344 shares of company stock valued at $542,205 in the last quarter. 28.58% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invictus RG bought a new position in shares of GoPro in the first quarter valued at approximately $195,000. Swiss National Bank boosted its holdings in shares of GoPro by 3.9% in the 1st quarter. Swiss National Bank now owns 145,600 shares of the company’s stock worth $1,267,000 after acquiring an additional 5,500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of GoPro by 5.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 455,706 shares of the company’s stock worth $3,965,000 after acquiring an additional 23,697 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of GoPro by 3.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after acquiring an additional 695 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of GoPro by 5.5% in the 1st quarter. HighTower Advisors LLC now owns 197,832 shares of the company’s stock worth $1,718,000 after acquiring an additional 10,232 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

About GoPro

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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