GoPro Inc. (GPRO) Trading 4.1% Higher
GoPro Inc. (NASDAQ:GPRO) traded up 4.1% during mid-day trading on Thursday . The company traded as high as $11.40 and last traded at $11.35, with a volume of 4,381,903 shares changing hands. The stock had previously closed at $10.90.
A number of equities research analysts recently issued reports on the stock. 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. reaffirmed an “underweight” rating and set a $7.00 price target on shares of GoPro in a research 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 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 issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.46.
The stock’s market capitalization is $1.53 billion. The company has a 50-day moving average of $10.97 and a 200-day moving average of $11.65.
GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, May 5th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.03. During the same period in the prior year, the firm earned $0.24 earnings per share. The business earned $183.50 million during the quarter, compared to analysts’ expectations of $169.14 million. The firm’s revenue for the quarter was down 49.5% on a year-over-year basis. Equities research analysts expect that GoPro Inc. will post ($0.94) EPS for the current fiscal year.
In other GoPro news, President Anthony John Bates sold 9,704 shares of the company’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 transaction of $104,706.16. Following the completion of the sale, the president now 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 Securities & Exchange Commission, which can be accessed through the SEC website.
A number of large investors recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted 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. California State Teachers Retirement System boosted 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, BNP Paribas Arbitrage SA boosted 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.
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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