Shares of GoPro Inc (NASDAQ:GPRO) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.29.

Several analysts have recently issued reports on GPRO shares. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research report on Thursday, May 16th. JPMorgan Chase & Co. upped their target price on shares of GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a research report on Friday, July 19th. ValuEngine cut shares of GoPro from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, Morgan Stanley set a $5.00 target price on shares of GoPro and gave the company a “sell” rating in a research report on Friday, August 2nd.

In related news, CEO Nicholas Woodman sold 700,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $5.48, for a total value of $3,836,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Sandor Barna sold 21,642 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total transaction of $162,098.58. Following the completion of the sale, the senior vice president now directly owns 189,223 shares in the company, valued at $1,417,280.27. The disclosure for this sale can be found here. Insiders have sold a total of 2,825,831 shares of company stock worth $17,246,321 over the last 90 days. Corporate insiders own 22.34% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC raised its position in GoPro by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after purchasing an additional 3,062 shares during the period. Prudential Financial Inc. purchased a new stake in GoPro in the 2nd quarter worth about $55,000. Menta Capital LLC purchased a new stake in GoPro in the 1st quarter worth about $74,000. Honkamp Krueger Financial Services Inc. purchased a new stake in GoPro in the 2nd quarter worth about $64,000. Finally, Prospera Financial Services Inc purchased a new stake in GoPro in the 1st quarter worth about $83,000. 47.72% of the stock is currently owned by institutional investors.

Shares of GPRO traded down $0.04 during midday trading on Tuesday, hitting $4.21. 2,915,588 shares of the company traded hands, compared to its average volume of 4,184,759. The firm has a 50 day simple moving average of $5.13. GoPro has a 52 week low of $4.00 and a 52 week high of $7.64. The stock has a market cap of $664.25 million, a PE ratio of -9.15, a price-to-earnings-growth ratio of 3.59 and a beta of 0.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.14 and a current ratio of 1.63.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. GoPro had a negative net margin of 2.59% and a negative return on equity of 2.69%. The business had revenue of $292.43 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that GoPro will post 0.12 EPS for the current year.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Analyst Recommendations for GoPro (NASDAQ:GPRO)

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