GoPro’s (GPRO) “Neutral” Rating Reiterated at Dougherty & Co
Other analysts have also issued research reports about the company. Piper Jaffray Cos. set a $6.50 price objective on GoPro and gave the company a sell rating in a research note on Thursday, July 28th. Vetr raised GoPro from a buy rating to a strong-buy rating and set a $16.34 target price on the stock in a research report on Monday, August 8th. Barclays PLC reaffirmed an equal weight rating and issued a $12.00 target price on shares of GoPro in a research report on Thursday, July 28th. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $11.00 target price on shares of GoPro in a research report on Tuesday, July 26th. Finally, Wedbush upped their target price on GoPro from $13.00 to $14.50 and gave the company an outperform rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. GoPro presently has an average rating of Hold and an average price target of $15.94.
GoPro (NASDAQ:GPRO) traded down 2.39% during trading on Wednesday, hitting $15.95. The company had a trading volume of 3,191,808 shares. The stock has a 50-day moving average of $15.20 and a 200 day moving average of $12.55. The company’s market capitalization is $2.22 billion. GoPro has a one year low of $8.62 and a one year high of $31.33.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.06. The firm 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 business’s revenue for the quarter was down 47.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities analysts forecast that GoPro will post ($1.07) EPS for the current fiscal year.
In related news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Marks sold 40,000 shares of the firm’s stock in a transaction 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. 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 the company. Riverhead Capital Management LLC bought a new position in shares of GoPro during the first quarter valued at about $1,220,000. Sanders Morris Harris Inc. raised its position in shares of GoPro by 71.4% in the second quarter. Sanders Morris Harris Inc. now owns 40,800 shares of the company’s stock valued at $441,000 after buying an additional 17,000 shares in the last quarter. Seven Eight Capital LLC raised its position in shares of GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares in the last quarter. HBK Investments L P bought a new position in shares of GoPro during the first quarter valued at about $357,000. Finally, Norges Bank bought a new position in shares of GoPro during the fourth quarter valued at about $10,583,000. 28.46% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.