GoPro Inc. (NASDAQ:GPRO) was down 6.9% during mid-day trading on Tuesday . The stock traded as low as $14.25 and last traded at $14.25, with a volume of 12,881,606 shares. The stock had previously closed at $15.31.

Several research analysts have recently weighed in on the stock. Piper Jaffray Cos. reissued an “underweight” rating and set a $6.50 price target on shares of GoPro in a research report on Wednesday, May 25th. Longbow Research assumed coverage on shares of GoPro in a research report on Tuesday, June 14th. They set a “neutral” rating and a $11.88 price target on the stock. JPMorgan Chase & Co. reissued a “buy” rating and set a $17.00 price target on shares of GoPro in a research report on Friday, June 17th. Oppenheimer Holdings Inc. reissued a “market perform” rating and set a $43.00 price target on shares of GoPro in a research report on Friday, July 15th. Finally, Dougherty & Co reissued a “hold” rating on shares of GoPro in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. GoPro presently has an average rating of “Hold” and a consensus target price of $15.62.

The firm’s market cap is $2.09 billion. The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $12.19.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results 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. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was down 47.4% on a year-over-year basis. Equities research analysts anticipate that GoPro Inc. will post ($1.07) EPS for the current fiscal year.

In other GoPro news, President Anthony John Bates sold 9,704 shares of the stock in a transaction 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 in the company, valued at approximately $5,637,619.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Marks sold 40,000 shares of the stock in a transaction on Monday, August 15th. The shares were 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. Corporate insiders own 28.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRO. Allegis Investment Advisors LLC raised its position in shares of GoPro by 1.8% in the second quarter. Allegis Investment Advisors LLC now owns 23,100 shares of the company’s stock worth $250,000 after buying an additional 400 shares during the last quarter. National Planning Corp raised its position in shares of GoPro by 3.8% in the second quarter. National Planning Corp now owns 12,325 shares of the company’s stock worth $155,000 after buying an additional 450 shares during the last quarter. Amalgamated Bank raised 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 during the last quarter. Suntrust Banks Inc. raised its position in shares of GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock worth $179,000 after buying an additional 696 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of GoPro by 10.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,490 shares of the company’s stock worth $157,000 after buying an additional 1,319 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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