GoPro Inc. (GPRO) Trading 9.9% Higher
Shares of GoPro Inc. (NASDAQ:GPRO) traded up 9.9% during mid-day trading on Monday . The company traded as high as $15.74 and last traded at $15.72, with a volume of 8,583,137 shares traded. The stock had previously closed at $14.30.
A number of analysts have recently issued reports on the stock. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of GoPro in a report on Monday, August 8th. Vetr raised shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $16.34 price objective for the company in a report on Monday, August 8th. Dougherty & Co reissued a “neutral” rating on shares of GoPro in a research note on Wednesday, August 10th. Pacific Crest reissued a “hold” rating on shares of GoPro in a research note on Monday, April 25th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $12.00 price target on shares of GoPro in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. GoPro presently has a consensus rating of “Hold” and an average target price of $16.59.
The stock’s market cap is $2.18 billion. The stock has a 50-day moving average of $12.06 and a 200 day moving average of $11.60.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. During the same quarter last year, the business posted $0.35 EPS. GoPro’s revenue was down 47.4% compared to the same quarter last year. Analysts forecast that GoPro Inc. will post ($1.09) EPS for the current year.
In other news, President Anthony John Bates sold 9,704 shares of the firm’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 completion of the sale, the president now owns 404,540 shares in the company, valued at approximately $4,364,986.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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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