GoPro Inc. (GPRO) Trading Up 2.7%
GoPro Inc. (NASDAQ:GPRO) was up 2.7% during mid-day trading on Tuesday . The stock traded as high as $15.99 and last traded at $15.61, with a volume of 6,169,793 shares. The stock had previously closed at $15.20.
Several equities research analysts recently issued reports on GPRO shares. Dougherty & Co reissued a “hold” rating on shares of GoPro in a research report on Monday, July 18th. Vetr raised shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 target price on the stock in a research report on Monday. JPMorgan Chase & Co. set a $17.00 target price on shares of GoPro and gave the stock a “buy” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $11.00 target price on shares of GoPro in a research report on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating and issued a $43.00 target price on shares of GoPro in a research report on Friday, July 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.65.
The company has a 50-day moving average price of $13.04 and a 200-day moving average price of $11.88. The firm’s market capitalization is $2.09 billion.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. The company’s quarterly revenue was down 47.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts forecast that GoPro Inc. will post ($1.09) EPS for the current year.
In other GoPro news, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $10.79, for a total transaction of $104,706.16. Following the completion of the sale, the president now owns 404,540 shares of the company’s stock, valued at $4,364,986.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was 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.
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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