Equities analysts forecast that GoPro, Inc. (NASDAQ:GPRO) will announce earnings per share (EPS) of ($0.35) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for GoPro’s earnings, with estimates ranging from ($0.37) to ($0.32). GoPro reported earnings of ($0.64) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.3%. The firm is scheduled to announce its next earnings report on Wednesday, July 26th.

According to Zacks, analysts expect that GoPro will report full year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.24). For the next year, analysts forecast that the firm will report earnings of ($0.35) per share, with EPS estimates ranging from ($0.53) to ($0.04). Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, April 27th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.01. GoPro had a negative net margin of 34.63% and a negative return on equity of 49.75%. The firm had revenue of $218.61 million during the quarter, compared to analyst estimates of $206.23 million. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. GoPro’s quarterly revenue was up 19.1% on a year-over-year basis.

Several brokerages recently weighed in on GPRO. Citigroup Inc. began coverage on shares of GoPro in a research note on Friday, March 3rd. They issued a “sell” rating and a $8.00 target price for the company. Dougherty & Co reissued a “sell” rating and issued a $5.00 target price on shares of GoPro in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) downgraded shares of GoPro from a “neutral” rating to a “sell” rating and cut their target price for the company from $8.25 to $6.00 in a research note on Monday, March 6th. Vetr cut GoPro from a “strong-buy” rating to a “buy” rating and set a $9.71 price target for the company. in a report on Monday, April 10th. Finally, Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.14.

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In related news, Director Anthony John Bates sold 41,076 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total transaction of $348,735.24. Following the transaction, the director now directly owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.69% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in GoPro during the first quarter valued at approximately $113,000. Seven Eight Capital LP bought a new position in GoPro during the fourth quarter valued at approximately $118,000. Engineers Gate Manager LP bought a new position in GoPro during the first quarter valued at approximately $118,000. Allianz Asset Management AG bought a new position in GoPro during the fourth quarter valued at approximately $124,000. Finally, Financial Architects Inc raised its position in GoPro by 15.2% in the first quarter. Financial Architects Inc now owns 15,200 shares of the company’s stock valued at $132,000 after buying an additional 2,000 shares during the period. 25.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GoPro (NASDAQ GPRO) opened at 7.84 on Tuesday. GoPro has a one year low of $7.14 and a one year high of $17.68. The stock’s market cap is $1.13 billion. The company has a 50 day moving average of $8.42 and a 200-day moving average of $8.86.

About GoPro

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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