GoPro, Inc. (GPRO) Upgraded by Vetr Inc. to Strong-Buy
A number of other research analysts have also recently commented on the company. Stifel Nicolaus restated a hold rating and set a $9.00 price target on shares of GoPro in a research note on Saturday, April 29th. Dougherty & Co reiterated a sell rating and issued a $5.00 price objective on shares of GoPro in a research note on Tuesday, April 25th. ValuEngine upgraded GoPro from a strong sell rating to a sell rating in a research note on Friday, June 2nd. Zacks Investment Research cut GoPro from a buy rating to a hold rating in a research note on Tuesday, May 16th. Finally, Bank of America Corporation reiterated an underperform rating and issued a $7.00 price objective (down from $8.00) on shares of GoPro in a research note on Monday, June 5th. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. GoPro presently has an average rating of Hold and a consensus price target of $8.28.
GoPro (NASDAQ GPRO) opened at 7.99 on Tuesday. The firm’s 50-day moving average price is $8.16 and its 200 day moving average price is $8.71. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The stock’s market capitalization is $1.15 billion.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, April 27th. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.01. GoPro had a negative return on equity of 49.75% and a negative net margin of 34.63%. The company had revenue of $218.61 million for the quarter, compared to analysts’ expectations of $206.23 million. During the same period in the prior year, the firm earned ($0.63) earnings per share. The firm’s revenue was up 19.1% compared to the same quarter last year. On average, equities analysts anticipate that GoPro will post ($0.15) EPS for the current year.
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In other news, Director Anthony John Bates sold 41,076 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total transaction of $348,735.24. Following the completion of the sale, the director now owns 142,011 shares in the company, valued at $1,205,673.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 28.69% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of GoPro by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock valued at $183,000 after buying an additional 695 shares during the period. Stifel Financial Corp increased its stake in shares of GoPro by 1.5% in the first quarter. Stifel Financial Corp now owns 58,530 shares of the company’s stock valued at $511,000 after buying an additional 865 shares during the period. Financial Architects Inc increased its stake in shares of 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. TIAA CREF Investment Management LLC increased its stake in shares of GoPro by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 274,610 shares of the company’s stock valued at $2,389,000 after buying an additional 2,347 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of GoPro by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock valued at $625,000 after buying an additional 3,061 shares during the period. Institutional investors and hedge funds own 25.21% of the company’s stock.
GoPro Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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