GoPro Inc. (NASDAQ:GPRO) dropped 1.7% during trading on Friday . The company traded as low as $12.02 and last traded at $12.07, with a volume of 2,449,560 shares traded. The stock had previously closed at $12.28.

GPRO has been the topic of a number of research analyst reports. Zacks Investment Research raised GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Vetr raised GoPro from a “buy” rating to a “strong-buy” rating and set a $15.29 price target on the stock in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $17.00 price target on shares of GoPro in a research report on Friday, June 17th. Morgan Stanley reaffirmed a “sell” rating on shares of GoPro in a research report on Monday, April 11th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of GoPro in a research report on Monday, April 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. GoPro has an average rating of “Hold” and an average target price of $16.46.

The firm’s 50-day moving average is $10.81 and its 200 day moving average is $11.90. The company’s market capitalization is $1.64 billion.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.60) by $0.03. The firm earned $183.50 million during the quarter, compared to analysts’ expectations of $169.14 million. The firm’s revenue was down 49.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Equities analysts anticipate that GoPro Inc. will post ($0.94) earnings per share for the current fiscal year.

In other news, President Anthony John Bates sold 9,704 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $10.79, for a total value of $104,706.16. Following the completion of the sale, the president now directly owns 404,540 shares of the company’s stock, valued at $4,364,986.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Other hedge funds have modified their holdings of the company. Wells Fargo & Company MN increased its stake 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 last quarter. State Board of Administration of Florida Retirement System increased its stake 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 last quarter. BNP Paribas Arbitrage SA increased its stake 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 last quarter. California State Teachers Retirement System increased its stake 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 last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of GoPro during the fourth quarter worth approximately $5,907,000.

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.

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