GoPro Inc. (GPRO) Trading Up 2.7%
GoPro Inc. (NASDAQ:GPRO) shares were up 2.7% during mid-day trading on Tuesday . The company traded as high as $15.99 and last traded at $15.61, with a volume of 6,169,793 shares changing hands. The stock had previously closed at $15.20.
A number of research analysts have issued reports on GPRO shares. Pacific Crest reissued a “hold” rating on shares of GoPro in a research note on Monday, April 25th. JPMorgan Chase & Co. reissued a “buy” rating on shares of GoPro in a research note on Wednesday, May 4th. Wedbush reissued an “outperform” rating and issued a $13.00 target price on shares of GoPro in a research note on Thursday, May 5th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of GoPro in a research note on Thursday, May 5th. Finally, Piper Jaffray Cos. reissued an “underweight” rating and issued a $7.00 target price on shares of GoPro in a research note on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. GoPro has a consensus rating of “Hold” and a consensus price target of $16.65.
The company’s market cap is $2.16 billion. The stock has a 50 day moving average price of $12.85 and a 200 day moving average price of $11.82.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.06. The company had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. During the same quarter last year, the firm posted $0.35 EPS. GoPro’s revenue for the quarter was down 47.4% on a year-over-year basis. On average, analysts forecast that GoPro Inc. will post ($1.09) EPS for the current fiscal year.
In other news, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $15.12, for a total value of $10,584,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $15.58, for a total value of $623,200.00. The disclosure for this sale can be found here.
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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