Several other equities analysts have also issued reports on GPRO. Piper Jaffray Companies set a $8.00 target price on shares of GoPro and gave the company a sell rating in a report on Saturday, March 18th. Oppenheimer Holdings Inc. restated a rating on shares of GoPro in a report on Monday, February 6th. Pacific Crest reiterated a hold rating on shares of GoPro in a report on Tuesday, January 24th. Wedbush set a $9.00 price objective on shares of GoPro and gave the company a hold rating in a report on Wednesday, February 8th. Finally, Zacks Investment Research lowered shares of GoPro from a hold rating to a sell rating in a report on Monday, January 30th. Nine 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 an average rating of Hold and a consensus price target of $10.25.
GoPro (NASDAQ:GPRO) traded up 1.82% on Friday, reaching $8.40. The company’s stock had a trading volume of 1,631,008 shares. The firm’s 50 day moving average is $8.64 and its 200-day moving average is $9.21. The firm’s market cap is $1.21 billion. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, April 27th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.01. The business had revenue of $218.61 million for the quarter, compared to analyst estimates of $206.23 million. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. GoPro’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.63) earnings per share. On average, equities research analysts anticipate that GoPro will post ($0.11) EPS for the current year.
In related news, CFO Brian Mcgee sold 5,692 shares of the business’s 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 in the company, valued at $849,537.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony John Bates sold 41,077 shares of the business’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 of the company’s stock, valued at $1,708,573.23. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in GPRO. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of GoPro during the third quarter valued at about $109,000. Sei Investments Co. raised its stake in shares of GoPro by 1,043.8% in the third quarter. Sei Investments Co. now owns 10,557 shares of the company’s stock valued at $176,000 after buying an additional 9,634 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of GoPro during the first quarter valued at about $113,000. Seven Eight Capital LP purchased a new position in GoPro during the fourth quarter worth $118,000. Finally, Engineers Gate Manager LP purchased a new position in GoPro during the first quarter worth $118,000. Institutional investors own 33.16% of the company’s stock.
GoPro Company Profile
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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