GoPro Inc (GPRO) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of GoPro Inc (NASDAQ:GPRO) in a report released on Saturday, April 29th. The brokerage currently has a $9.00 target price on the stock.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/19/stifel-nicolaus-reaffirms-hold-rating-for-gopro-inc-gpro-updated-updated.html.

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.

5 Day Chart for NASDAQ:GPRO

Receive News & Ratings for GoPro Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply