GoPro Inc. (GPRO) Stock Rating Reaffirmed by JPMorgan Chase & Co.
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Saturday. They presently have a $16.00 price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 17.65% from the company’s current price.
GPRO has been the subject of a number of other reports. Zacks Investment Research upgraded GoPro from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 27th. Dougherty & Co reiterated a “positive” rating on shares of GoPro in a report on Wednesday, September 7th. Vetr upgraded GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 target price for the company in a report on Monday, August 22nd. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. Finally, Piper Jaffray Cos. set a $9.00 target price on GoPro and gave the stock a “sell” rating in a report on Wednesday, September 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.89.
GoPro (NASDAQ:GPRO) traded down 1.73% during midday trading on Friday, hitting $13.60. The stock had a trading volume of 6,852,149 shares. GoPro has a 1-year low of $8.62 and a 1-year high of $31.33. The stock’s 50-day moving average is $15.11 and its 200-day moving average is $12.63. The stock’s market capitalization is $1.90 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping 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 company earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was down 47.4% compared to the same quarter last year. On average, equities research analysts anticipate that GoPro will post ($1.07) EPS for the current fiscal year.
In related news, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $15.12, for a total value of $10,584,000.00. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new stake in GoPro during the second quarter worth about $100,000. Emerald Acquisition Ltd. acquired a new position in shares of GoPro during the second quarter worth $111,000. Penserra Capital Management LLC raised 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 worth $114,000 after buying an additional 3,164 shares in the last quarter. MSI Financial Services Inc raised its position in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock worth $114,000 after buying an additional 2,044 shares in the last quarter. Finally, BlueMountain Capital Management LLC acquired a new position in shares of GoPro during the first quarter worth $117,000. Institutional investors own 28.46% of the company’s stock.
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.