GoPro Inc. (GPRO) Trading Down 1.1%
GoPro Inc. (NASDAQ:GPRO) shares were down 1.1% during trading on Friday . The company traded as low as $14.25 and last traded at $14.37, with a volume of 3,030,486 shares changing hands. The stock had previously closed at $14.53.
A number of research analysts have commented on GPRO shares. Vetr raised GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price objective on the stock in a report on Monday, August 22nd. FBN Securities reissued a “sector perform” rating and set a $11.00 target price (up from $10.00) on shares of GoPro in a report on Tuesday, May 10th. Dougherty & Co reissued a “hold” rating on shares of GoPro in a report on Monday, July 18th. JPMorgan Chase & Co. reissued a “buy” rating and set a $17.00 target price on shares of GoPro in a report on Friday, June 17th. Finally, Pacific Crest reissued a “hold” rating on shares of GoPro in a report on Tuesday, August 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. GoPro has a consensus rating of “Hold” and a consensus price target of $16.65.
The stock’s market capitalization is $1.97 billion. The company’s 50 day moving average price is $13.62 and its 200 day moving average price is $12.06.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping 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. GoPro’s revenue for the quarter was down 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that GoPro Inc. will post ($1.08) EPS for the current fiscal year.
In other news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was 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 available through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was 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 owns 404,540 shares of the company’s stock, valued at $4,364,986.60. 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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