GoPro Inc. (GPRO) Shares Up 4.1%
GoPro Inc. (NASDAQ:GPRO) shot up 4.1% on Thursday . The company traded as high as $11.40 and last traded at $11.35, with a volume of 4,381,903 shares traded. The stock had previously closed at $10.90.
A number of research firms recently weighed in on GPRO. Oppenheimer Holdings Inc. restated a “hold” rating on shares of GoPro in a report on Thursday, May 5th. Barclays PLC restated a “hold” rating and issued a $12.00 target price on shares of GoPro in a report on Sunday, May 8th. Piper Jaffray Cos. restated an “underweight” rating and issued a $7.00 target price on shares of GoPro in a report on Thursday, May 5th. Robert W. Baird reaffirmed a “hold” rating on shares of GoPro in a research report on Sunday, May 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of GoPro in a research report on Thursday, May 5th. Three investment 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.46.
The company’s market cap is $1.55 billion. The firm’s 50 day moving average is $10.94 and its 200-day moving average is $11.71.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.03. The firm had revenue of $183.50 million for the quarter, compared to analysts’ expectations of $169.14 million. During the same period in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was down 49.5% on a year-over-year basis. On average, equities analysts expect that GoPro Inc. will post ($0.94) earnings per share for the current year.
In other news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction that occurred on Monday, June 6th. The shares were 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 in the company, valued at $4,364,986.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several hedge funds recently made changes to their positions in GPRO. 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 worth $2,100,000 after buying an additional 2,070 shares in 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 worth $2,451,000 after buying an additional 112,358 shares in the last quarter. Finally, 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 worth $2,978,000 after buying an additional 2,586 shares in the last quarter.
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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