GoPro Inc. (GPRO) Upgraded to “Strong-Buy” at Vetr Inc.
GPRO has been the subject of several other research reports. Dougherty & Co lowered GoPro from a neutral rating to a sell rating and set a $6.00 price objective for the company. in a report on Wednesday, November 9th. Piper Jaffray Cos. reaffirmed an underweight rating and issued a $9.00 price objective on shares of GoPro in a report on Tuesday, November 1st. Raymond James Financial Inc. lowered GoPro from an outperform rating to a market perform rating in a report on Wednesday, November 9th. Stifel Nicolaus reaffirmed a hold rating and issued a $10.00 price objective on shares of GoPro in a report on Sunday, November 6th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $10.00 price objective on shares of GoPro in a report on Sunday, November 6th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $13.20.
Shares of GoPro (NASDAQ:GPRO) opened at 9.98 on Wednesday. The firm has a 50 day moving average price of $12.22 and a 200 day moving average price of $12.59. The stock’s market cap is $1.40 billion. GoPro has a 12-month low of $8.62 and a 12-month high of $20.83.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, November 3rd. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. The business earned $240.57 million during the quarter, compared to the consensus estimate of $315.89 million. GoPro had a negative return on equity of 49.53% and a negative net margin of 31.23%. The firm’s revenue for the quarter was down 39.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. On average, equities analysts expect that GoPro will post ($1.48) EPS for the current year.
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In other GoPro news, CFO Brian Mcgee sold 4,497 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $10.32, for a total transaction of $46,409.04. Following the sale, the chief financial officer now owns 51,250 shares of the company’s stock, valued at approximately $528,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the sale, the president now directly owns 398,137 shares in the company, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. GAM Holding AG boosted its stake in shares of GoPro by 3.1% in the third quarter. GAM Holding AG now owns 367,200 shares of the company’s stock valued at $6,125,000 after buying an additional 11,000 shares during the period. Sanders Morris Harris Inc. raised its stake 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 stake 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. Essex Investment Management Co. LLC acquired a new stake in shares of GoPro during the second quarter valued at approximately $910,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of GoPro during the second quarter valued at approximately $111,000. 32.87% of the stock is currently 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.
To view Vetr’s full report, visit Vetr’s official website.
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