GoPro Inc. (NASDAQ:GPRO) had its target price raised by Wedbush from $14.50 to $17.50 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 16.90% from the stock’s current price.

Other research analysts have also issued research reports about the company. Piper Jaffray Cos. set a $6.50 price objective on GoPro and gave the stock a “sell” rating in a report on Thursday, July 28th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. JPMorgan Chase & Co. set a $17.00 price objective on GoPro and gave the stock a “buy” rating in a report on Thursday, July 21st. Longbow Research initiated coverage on GoPro in a report on Tuesday, June 14th. They set a “neutral” rating and a $11.88 price objective for the company. Finally, Bank of America Corp. initiated coverage on GoPro in a report on Friday, September 16th. They set a “buy” rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. GoPro currently has an average rating of “Hold” and an average price target of $15.62.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

GoPro (NASDAQ:GPRO) opened at 14.97 on Tuesday. The company’s market cap is $2.09 billion. The company has a 50-day moving average of $14.41 and a 200-day moving average of $12.19. GoPro has a one year low of $8.62 and a one year high of $35.00.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was down 47.4% on a year-over-year basis. Equities research analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.

In other news, Director Edward A. Gilhuly sold 700,000 shares of the firm’s stock in a transaction 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 through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction 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 $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 modified their holdings of 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 valued at $235,000 after buying an additional 3,646 shares during 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 valued at $3,117,000 after buying an additional 173,950 shares during 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 valued at $154,000 after buying an additional 482 shares during 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 valued at $271,000 after buying an additional 18,736 shares during 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 valued at $798,000 after buying an additional 67,171 shares during the last quarter. Hedge funds and other 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.

5 Day Chart for NASDAQ:GPRO

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