GoPro Inc. (GPRO) Trading Up 7%
Shares of GoPro Inc. (NASDAQ:GPRO) were up 7% during mid-day trading on Wednesday . The stock traded as high as $13.50 and last traded at $13.43, with a volume of 5,146,278 shares trading hands. The stock had previously closed at $12.55.
A number of analysts have weighed in on the company. Oppenheimer Holdings Inc. restated a “” rating on shares of GoPro in a research note on Thursday, July 28th. JPMorgan Chase & Co. restated a “buy” rating on shares of GoPro in a research note on Wednesday, May 4th. Raymond James Financial Inc. restated a “buy” rating on shares of GoPro in a research note on Sunday, May 8th. Vetr upgraded GoPro from a “hold” rating to a “buy” rating and set a $13.42 price target on the stock in a research note on Tuesday. Finally, Barclays PLC restated an “equal weight” rating and issued a $12.00 price target on shares of GoPro in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.44.
The firm’s market cap is $1.91 billion. The firm’s 50 day moving average price is $11.48 and its 200 day moving average price is $11.46.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s quarterly revenue was down 47.4% on a year-over-year basis. On average, equities research analysts forecast that GoPro Inc. will post ($1.09) earnings per share for the current fiscal year.
In other GoPro news, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $10.79, for a total value of $104,706.16. Following the completion of the transaction, the president now directly owns 404,540 shares of the company’s stock, valued at approximately $4,364,986.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in GoPro stock. BNP Paribas Arbitrage SA increased its position in shares of GoPro Inc. (NASDAQ:GPRO) by 473.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,110 shares of the company’s stock after buying an additional 112,358 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.10% of GoPro worth $2,451,000 as of its most recent filing with the SEC.
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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