Shares of GoPro Inc. (NASDAQ:GPRO) shot up 11.9% during trading on Monday . The company traded as high as $12.34 and last traded at $12.27, with a volume of 7,036,060 shares changing hands. The stock had previously closed at $10.97.

A number of research firms recently commented on GPRO. Robert W. Baird reaffirmed a “hold” rating on shares of GoPro in a research note on Sunday, May 8th. Barclays PLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of GoPro in a research note on Sunday, May 8th. Raymond James Financial Inc. reissued a “buy” rating on shares of GoPro in a research note on Sunday, May 8th. Wedbush reissued an “outperform” rating and issued a $13.00 price target on shares of GoPro in a research note on Thursday, May 5th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of GoPro in a research note on Wednesday, May 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.98.

The stock has a 50 day moving average of $10.67 and a 200-day moving average of $11.90. The firm’s market cap is $1.72 billion.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.03. The firm earned $183.50 million during the quarter, compared to analyst estimates of $169.14 million. During the same quarter last year, the company earned $0.24 EPS. The company’s quarterly revenue was down 49.5% compared to the same quarter last year. Analysts anticipate that GoPro Inc. will post ($0.93) earnings per share for the current fiscal year.

In other GoPro news, President Anthony John Bates sold 9,704 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $10.79, for a total value of $104,706.16. Following the transaction, the president now owns 404,540 shares in the company, valued at $4,364,986.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds and institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of GoPro by 473.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 136,110 shares of the company’s stock worth $2,451,000 after buying an additional 112,358 shares during the period. Wells Fargo & Company MN increased its position in shares of GoPro by 25.7% in the fourth quarter. Wells Fargo & Company MN now owns 82,343 shares of the company’s stock worth $1,484,000 after buying an additional 16,847 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of GoPro during the fourth quarter worth approximately $5,907,000. California State Teachers Retirement System increased its position in shares of GoPro by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 165,358 shares of the company’s stock worth $2,978,000 after buying an additional 2,586 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of GoPro by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 116,588 shares of the company’s stock worth $2,100,000 after buying an additional 2,070 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.