Cowen and Company reissued their hold rating on shares of GoPro, Inc. (NASDAQ:GPRO) in a research note released on Thursday morning. The brokerage currently has a $8.50 price objective on the stock.

Several other brokerages have also weighed in on GPRO. Wedbush reissued a hold rating and set a $9.00 price objective on shares of GoPro in a report on Thursday, June 1st. Dougherty & Co reissued a sell rating and set a $5.00 price objective on shares of GoPro in a report on Tuesday, April 25th. Vetr lowered GoPro from a strong-buy rating to a buy rating and set a $9.71 price objective on the stock. in a report on Monday, April 10th. Morgan Stanley raised GoPro from an underweight rating to an equal weight rating and set a $7.50 price objective on the stock in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, BidaskClub lowered GoPro from a sell rating to a strong sell rating in a report on Thursday, July 27th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $8.28.

GoPro (NASDAQ GPRO) traded up 19.25% during midday trading on Thursday, hitting $9.85. The company had a trading volume of 28,773,541 shares. GoPro has a one year low of $7.14 and a one year high of $17.68. The company’s 50 day moving average is $8.07 and its 200-day moving average is $8.63. The company’s market cap is $1.42 billion.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. GoPro had a negative return on equity of 38.52% and a negative net margin of 27.88%. The company had revenue of $296.52 million for the quarter, compared to analyst estimates of $268.94 million. During the same quarter last year, the firm earned ($0.52) EPS. GoPro’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities analysts predict that GoPro will post ($0.12) EPS for the current year.

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In related news, Director Anthony John Bates sold 41,076 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the sale, the director now owns 142,011 shares of the company’s stock, valued at approximately $1,205,673.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. 28.69% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new stake in shares of GoPro during the first quarter valued at approximately $113,000. Engineers Gate Manager LP bought a new stake in shares of GoPro during the first quarter valued at approximately $118,000. Financial Architects Inc raised 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of GoPro by 195.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock valued at $132,000 after buying an additional 10,750 shares in the last quarter. Finally, Concourse Capital Management LLC bought a new stake in shares of GoPro during the first quarter valued at approximately $155,000. 25.31% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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