GoPro Inc. (GPRO) Trading Up 9.9%
GoPro Inc. (NASDAQ:GPRO) was up 9.9% on Monday . The stock traded as high as $15.74 and last traded at $15.72, with a volume of 8,583,137 shares. The stock had previously closed at $14.30.
Several equities research analysts recently weighed in on GPRO shares. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of GoPro in a research report on Monday, August 8th. JPMorgan Chase & Co. reissued 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. reissued a “buy” rating on shares of GoPro in a research note on Sunday, May 8th. Piper Jaffray Cos. reissued an “underweight” rating and set a $7.00 target price on shares of GoPro in a research note on Thursday, May 5th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $11.00 target price on shares of GoPro in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. GoPro currently has a consensus rating of “Hold” and an average price target of $16.63.
The stock’s market cap is $2.15 billion. The stock has a 50-day moving average price of $12.34 and a 200 day moving average price of $11.68.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data 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. The firm had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. The business’s quarterly revenue was down 47.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. On average, equities analysts predict that GoPro Inc. will post ($1.09) earnings per share for the current year.
In related news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $10.79, for a total transaction of $104,706.16. Following the transaction, the president now directly owns 404,540 shares of the company’s stock, valued at approximately $4,364,986.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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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