FY2017 EPS Estimates for GoPro Inc Cut by Wedbush (GPRO)
GoPro Inc (NASDAQ:GPRO) – Wedbush dropped their FY2017 earnings per share (EPS) estimates for GoPro in a note issued to investors on Tuesday. Wedbush analyst A. Reese now forecasts that the company will post earnings per share of ($0.57) for the year, down from their previous forecast of ($0.27). Wedbush has a “Neutral” rating and a $6.00 price objective on the stock. Wedbush also issued estimates for GoPro’s Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at ($0.35) EPS, Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.46) EPS.
GPRO has been the subject of a number of other reports. Vetr upgraded GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price objective for the company in a research report on Thursday, October 19th. JPMorgan Chase & Co. set a $9.00 price objective on GoPro and gave the stock a “buy” rating in a research report on Monday, January 8th. Citigroup lowered their price objective on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Bank of America lifted their price objective on GoPro from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 31st. Finally, BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.74.
In other GoPro news, Director Anthony John Bates sold 17,023 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the transaction, the director now owns 99,459 shares in the company, valued at $793,682.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Mcgee sold 7,541 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the transaction, the chief financial officer now owns 79,167 shares in the company, valued at approximately $651,544.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 704,907 shares of company stock worth $6,478,800. Company insiders own 28.58% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. lifted its holdings in shares of GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of GoPro by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after purchasing an additional 763 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of GoPro by 1.4% during the 2nd quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after purchasing an additional 813 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of GoPro by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after purchasing an additional 900 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2018/01/13/fy2017-eps-estimates-for-gopro-inc-cut-by-wedbush-gpro.html.
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.
Receive News & Stock Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related stocks with our FREE daily email newsletter.