Piper Jaffray Cos. Reiterates “$9.00” Price Target for GoPro Inc. (GPRO)
Several other equities analysts have also commented on GPRO. Dougherty & Co reaffirmed a neutral rating on shares of GoPro in a report on Wednesday, October 5th. Zacks Investment Research lowered GoPro from a buy rating to a hold rating in a report on Monday, October 3rd. Bank of America Corp. reissued a buy rating and issued a $19.00 price objective on shares of GoPro in a report on Wednesday, September 28th. BlueFin Research reissued an add rating on shares of GoPro in a report on Monday, September 26th. Finally, Oppenheimer Holdings Inc. reissued a market perform rating on shares of GoPro in a report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. GoPro has an average rating of Hold and a consensus price target of $15.89.
Shares of GoPro (NASDAQ:GPRO) opened at 14.07 on Thursday. The company’s market capitalization is $1.96 billion. The stock’s 50 day moving average price is $15.09 and its 200 day moving average price is $12.65. GoPro has a 52-week low of $8.62 and a 52-week high of $31.33.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.35 earnings per share. GoPro’s revenue for the quarter was down 47.4% compared to the same quarter last year. On average, equities research analysts forecast that GoPro will post ($1.07) earnings per share for the current fiscal year.
In related news, Director Michael E. Marks sold 40,000 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $15.58, for a total value of $623,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of the sale, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc boosted its stake in GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares during the last quarter. Prospera Financial Services Inc bought a new stake in GoPro during the third quarter valued at $595,000. BNP Paribas Arbitrage SA boosted its stake in GoPro by 152.2% in the third quarter. BNP Paribas Arbitrage SA now owns 388,344 shares of the company’s stock valued at $6,478,000 after buying an additional 234,352 shares during the last quarter. IFP Advisors Inc boosted its stake in 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. Finally, Schwab Charles Investment Management Inc. boosted its stake in 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. Institutional investors and hedge funds own 28.60% 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.
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