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

Several equities research analysts have recently commented on the stock. Barclays PLC reaffirmed a “hold” rating and set a $12.00 price target on shares of GoPro in a research report on Sunday, May 8th. Robert W. Baird reaffirmed a “hold” rating on shares of GoPro in a research report on Sunday, May 8th. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of GoPro in a research report on Sunday, May 8th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating and set a $43.00 price target on shares of GoPro in a research report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and set a $13.00 price target on shares of GoPro in a research report on Thursday, May 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.46.

The company’s market cap is $1.64 billion. The firm’s 50 day moving average is $10.87 and its 200-day moving average is $11.86.

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

In other GoPro news, President Anthony John Bates sold 9,704 shares of the firm’s 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 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 filing with the SEC, which can be accessed through the SEC website.

Other hedge funds have modified their holdings of the company. State Board of Administration of Florida Retirement System raised 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 valued at $2,100,000 after buying an additional 2,070 shares during the last quarter. California State Teachers Retirement System raised 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 valued at $2,978,000 after buying an additional 2,586 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 valued at $2,451,000 after buying an additional 112,358 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of GoPro during the fourth quarter valued at 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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