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.

Shares of GoPro (GPRO) opened at $6.23 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $897.64, a PE ratio of -3.62 and a beta of 0.53. GoPro has a 12-month low of $5.04 and a 12-month high of $11.89.

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.

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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.

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