GoPro Inc (GPRO) Raised to Strong-Buy at Vetr Inc.

GoPro Inc (NASDAQ:GPRO) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $9.72 price objective on the stock. Vetr‘s target price points to a potential upside of 12.31% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of GoPro in a research report on Monday, February 6th. Johnson Rice reaffirmed a “buy” rating on shares of GoPro in a research report on Wednesday, January 18th. JPMorgan Chase & Co. set a $12.00 target price on shares of GoPro and gave the stock a “buy” rating in a research report on Thursday, March 16th. Zacks Investment Research raised shares of GoPro from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Monday. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $10.00 target price on shares of GoPro in a research report on Friday. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.25.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Shares of GoPro (NASDAQ:GPRO) opened at 8.66 on Tuesday. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The company’s 50-day moving average is $9.09 and its 200-day moving average is $11.18. The stock’s market cap is $1.23 billion.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 2nd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $540.62 million for the quarter, compared to the consensus estimate of $585.31 million. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. On average, equities research analysts anticipate that GoPro will post ($0.17) earnings per share for the current year.

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In other GoPro news, CFO Brian Mcgee sold 5,692 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $9.31, for a total transaction of $52,992.52. Following the completion of the sale, the chief financial officer now directly owns 91,250 shares of the company’s stock, valued at approximately $849,537.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony John Bates sold 41,077 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $8.19, for a total transaction of $336,420.63. Following the sale, the director now directly owns 208,617 shares of the company’s stock, valued at $1,708,573.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,668 shares of company stock valued at $738,432. Insiders own 28.69% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of GoPro by 152.2% in the third quarter. BNP Paribas Arbitrage SA now owns 388,344 shares of the company’s stock worth $6,478,000 after buying an additional 234,352 shares during the period. Prospera Financial Services Inc bought a new stake in shares of GoPro during the third quarter worth about $595,000. MSI Financial Services Inc raised its stake in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock worth $114,000 after buying an additional 2,044 shares during the period. Sanders Morris Harris Inc. raised its stake in shares of GoPro by 24.5% in the third quarter. Sanders Morris Harris Inc. now owns 50,800 shares of the company’s stock worth $847,000 after buying an additional 10,000 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of GoPro by 2.3% in the third quarter. Wells Fargo & Company MN now owns 101,728 shares of the company’s stock worth $1,697,000 after buying an additional 2,247 shares during the period. 33.16% of the stock is owned by institutional investors and hedge funds.

About GoPro

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.

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