Shares of GoPro Inc. (NASDAQ:GPRO) were down 3% on Friday . The company traded as low as $12.23 and last traded at $12.63, with a volume of 9,072,499 shares. The stock had previously closed at $13.02.

Several equities analysts recently commented on GPRO shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $17.00 target price on shares of GoPro in a research note on Friday, June 17th. Raymond James Financial Inc. reiterated a “buy” rating on shares of GoPro in a research note on Sunday, May 8th. Piper Jaffray Cos. reiterated an “underweight” rating and set a $7.00 target price on shares of GoPro in a research note on Saturday, April 16th. Oppenheimer Holdings Inc. reiterated a “market perform” rating and set a $43.00 target price on shares of GoPro in a research note on Friday, July 15th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $11.00 target price on shares of GoPro in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. GoPro has an average rating of “Hold” and an average price target of $16.42.

The stock’s 50-day moving average price is $11.08 and its 200-day moving average price is $11.46. The firm’s market cap is $1.75 billion.

GoPro (NASDAQ:GPRO) last posted its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.06. During the same period in the prior year, the business posted $0.35 EPS. The firm had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. The firm’s quarterly revenue was down 47.4% compared to the same quarter last year. Analysts anticipate that GoPro Inc. will post ($1.10) earnings per share for the current year.

In related 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 completion of the transaction, the president now owns 404,540 shares of the company’s stock, valued at $4,364,986.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in GoPro stock. BNP Paribas Arbitrage SA increased its position in shares of GoPro Inc. (NASDAQ:GPRO) by 473.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,110 shares of the company’s stock after buying an additional 112,358 shares during the period. BNP Paribas Arbitrage SA owned about 0.10% of GoPro worth $2,451,000 as of its most recent SEC filing.

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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