News coverage about GoPro (NASDAQ:GPRO) has trended positive on Friday, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GoPro earned a media sentiment score of 0.26 on AlphaOne’s scale. AlphaOne also gave news stories about the company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:
- Don’t Buy GoPro Inc (GPRO) Stock, Buy Fitbit Inc (FIT) Instead (investorplace.com)
- CG Stocks Overview=> GoPro Inc (GPRO), PepsiCo, Inc. (PEP) – usstockjournal (usstockjournal.com)
- GoPro Inc (GPRO) Shares Needle Moving -2.65% – The Times (tuckermantimes.com)
- GoPro, Inc. breached its 50 day moving average in a Bearish Manner : GPRO-US : May 18, 2017 (finance.yahoo.com)
- GoPro Inc (GPRO) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
Shares of GoPro (NASDAQ:GPRO) traded up 3.15% during mid-day trading on Friday, reaching $8.51. 1,033,466 shares of the company’s stock traded hands. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The stock’s market cap is $1.22 billion. The firm’s 50 day moving average price is $8.64 and its 200-day moving average price is $9.21.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.53) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.01. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. The firm had revenue of $218.61 million for the quarter, compared to analysts’ expectations of $206.23 million. During the same quarter in the prior year, the business earned ($0.63) EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Equities research analysts forecast that GoPro will post ($0.11) earnings per share for the current year.
Several equities research analysts recently commented on the stock. FBN Securities set a $10.00 price objective on shares of GoPro and gave the company a “hold” rating in a research report on Friday, February 3rd. Raymond James Financial, Inc. reissued an “underperform” rating and set a $6.00 price target (down from $10.00) on shares of GoPro in a research report on Friday, February 3rd. Goldman Sachs Group Inc cut their price target on shares of GoPro from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, February 3rd. Dougherty & Co cut their price target on shares of GoPro from $6.00 to $5.00 and set a “sell” rating on the stock in a research report on Friday, February 3rd. Finally, Robert W. Baird cut shares of GoPro from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $10.00 to $6.00 in a research report on Friday, February 3rd. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. GoPro currently has a consensus rating of “Hold” and a consensus price target of $10.25.
In other GoPro news, Director Anthony John Bates sold 41,077 shares of the firm’s 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 owns 208,617 shares in the company, valued at approximately $1,708,573.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief financial officer now directly owns 91,250 shares of the company’s stock, valued at $849,537.50. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by company insiders.
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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