GoPro, Inc. (GPRO) Receives $9.90 Consensus Target Price from Brokerages

GoPro, Inc. (NASDAQ:GPRO) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.90.

GPRO has been the topic of a number of research reports. Vetr raised shares of GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 target price on the stock in a research note on Thursday, October 19th. J P Morgan Chase & Co reissued an “overweight” rating and set a $13.00 price objective on shares of GoPro in a research note on Saturday, August 26th. Morgan Stanley boosted their price objective on shares of GoPro from $8.50 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Citigroup Inc. dropped their price objective on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of GoPro from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.

In other news, CFO Brian Mcgee sold 7,541 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.23, for a total transaction of $62,062.43. Following the completion of the transaction, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony John Bates sold 25,529 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total transaction of $259,629.93. Following the transaction, the director now directly owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 738,331 shares of company stock worth $6,876,684. Insiders own 28.58% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Argent Capital Management LLC purchased a new position in shares of GoPro during the third quarter valued at approximately $1,028,000. Cubist Systematic Strategies LLC raised its holdings in shares of GoPro by 416.1% during the third quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after purchasing an additional 23,508 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in GoPro during the third quarter valued at approximately $266,000. Commerzbank Aktiengesellschaft FI increased its holdings in GoPro by 27.5% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 485,295 shares of the company’s stock valued at $5,343,000 after buying an additional 104,766 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in GoPro by 11.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 621,960 shares of the company’s stock valued at $6,848,000 after buying an additional 65,097 shares during the last quarter. 22.04% of the stock is owned by hedge funds and other institutional investors.

Shares of GoPro (NASDAQ:GPRO) remained flat at $$8.58 on Friday. 1,440,685 shares of the stock traded hands, compared to its average volume of 4,324,643. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. GoPro has a 12 month low of $7.14 and a 12 month high of $11.89.

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About GoPro

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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