GoPro Inc. (GPRO) Stock Price Up 7%
GoPro Inc. (NASDAQ:GPRO)’s share price rose 7% during trading on Wednesday . The company traded as high as $13.50 and last traded at $13.43, with a volume of 5,146,278 shares traded. The stock had previously closed at $12.55.
GPRO has been the subject of a number of research reports. Zacks Investment Research upgraded GoPro from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Morgan Stanley reiterated a “sell” rating on shares of GoPro in a research note on Monday, April 11th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $11.00 price target on shares of GoPro in a research note on Friday, April 15th. Piper Jaffray Cos. reiterated an “underweight” rating and issued a $7.00 price target on shares of GoPro in a research note on Saturday, April 16th. Finally, Pacific Crest reiterated a “hold” rating on shares of GoPro in a research note on Monday, April 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.44.
The firm’s market cap is $1.85 billion. The stock has a 50-day moving average of $11.28 and a 200-day moving average of $11.43.
GoPro (NASDAQ:GPRO) last posted its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.06. During the same period in the previous year, the firm earned $0.35 EPS. The business earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. The business’s revenue was down 47.4% compared to the same quarter last year. Equities research analysts forecast that GoPro Inc. will post ($1.09) EPS for the current year.
In related news, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $10.79, for a total value of $104,706.16. Following the sale, 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 is accessible through this hyperlink.
An institutional investor recently raised its position in GoPro stock. BNP Paribas Arbitrage SA raised its position in shares of GoPro Inc. (NASDAQ:GPRO) by 473.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.
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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