GoPro Inc. (GPRO) Given a $15.00 Price Target by FBN Securities Analysts
GoPro Inc. (NASDAQ:GPRO) has been assigned a $15.00 target price by research analysts at FBN Securities in a research note issued to investors on Monday. The firm presently has a a “hold” rating on the stock. FBN Securities’ target price indicates a potential upside of 5.19% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. reiterated a “” rating on shares of GoPro in a research note on Thursday, July 28th. JPMorgan Chase & Co. set a $17.00 target price on GoPro and gave the stock a “buy” rating in a research note on Thursday, July 21st. Vetr raised GoPro from a “hold” rating to a “buy” rating and set a $13.42 price objective for the company in a report on Tuesday, August 2nd. Bank of America Corp. initiated coverage on GoPro in a report on Friday, September 16th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Barclays PLC reissued an “equal weight” rating and issued a $12.00 price objective on shares of GoPro in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.49.
Shares of GoPro (NASDAQ:GPRO) opened at 14.26 on Monday. GoPro has a 52-week low of $8.62 and a 52-week high of $35.00. The company’s 50-day moving average is $14.34 and its 200 day moving average is $12.17. The company’s market cap is $1.99 billion.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.06. The company had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The business’s revenue for the quarter was down 47.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, analysts anticipate that GoPro will post ($1.06) EPS for the current year.
In related news, Director Edward A. Gilhuly sold 700,000 shares of the company’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 transaction of $10,584,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the transaction, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in shares of GoPro by 20.2% in the second quarter. IFP Advisors Inc now owns 21,721 shares of the company’s stock worth $235,000 after buying an additional 3,646 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of GoPro by 152.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,321 shares of the company’s stock worth $3,117,000 after buying an additional 173,950 shares in the last quarter. Amalgamated Bank increased its position in shares of GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock worth $154,000 after buying an additional 482 shares in the last quarter. Legal & General Group Plc increased its position in shares of GoPro by 273.6% in the second quarter. Legal & General Group Plc now owns 25,585 shares of the company’s stock worth $271,000 after buying an additional 18,736 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of GoPro by 1,004.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 73,859 shares of the company’s stock worth $798,000 after buying an additional 67,171 shares in the last quarter. Institutional investors own 28.46% of the company’s stock.
GoPro Company Profile
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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