GoPro Inc. (NASDAQ:GPRO) has been given a $9.00 price target by Piper Jaffray Cos. in a research note issued on Wednesday. The brokerage presently has a a “sell” rating on the stock. Piper Jaffray Cos.’s price target would suggest a potential downside of 43.93% from the stock’s previous close.

Several other brokerages have also recently weighed in on GPRO. Bank of America Corp. started coverage on GoPro in a research note on Friday, September 16th. They set a “buy” rating and a $19.00 target price for the company. Dougherty & Co reaffirmed a “hold” rating on shares of GoPro in a research note on Monday, July 18th. Wedbush raised their target price on GoPro from $14.50 to $17.50 and gave the company an “outperform” rating in a research note on Tuesday. Vetr raised GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 target price for the company in a research note on Monday, August 22nd. Finally, JPMorgan Chase & Co. set a $17.00 target price on GoPro and gave the company a “buy” rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. GoPro presently has a consensus rating of “Hold” and a consensus price target of $15.78.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

GoPro (NASDAQ:GPRO) opened at 16.05 on Wednesday. GoPro has a 1-year low of $8.62 and a 1-year high of $35.00. The stock’s 50 day moving average is $14.49 and its 200-day moving average is $12.22. The firm’s market cap is $2.24 billion.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) 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. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The company’s quarterly revenue was down 47.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Analysts forecast that GoPro will post ($1.07) EPS for the current year.

In other GoPro news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the transaction, the president now directly owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael E. Marks sold 40,000 shares of GoPro 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. 28.69% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new position in shares of GoPro during the second quarter valued at approximately $100,000. Emerald Acquisition Ltd. acquired a new position in shares of GoPro during the second quarter valued at approximately $111,000. Penserra Capital Management LLC increased its position in shares of GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock valued at $114,000 after buying an additional 3,164 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of GoPro during the first quarter valued at approximately $117,000. Finally, Marathon Trading Investment Management LLC increased its position in shares of GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares in the last quarter. 28.46% of the stock is currently owned by institutional investors.

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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