Raymond James Financial, Inc. upgraded shares of GoPro, Inc. (NASDAQ:GPRO) from an underperform rating to a market perform rating in a research note released on Friday morning.

A number of other analysts have also weighed in on the stock. Vetr raised shares of GoPro from a buy rating to a strong-buy rating and set a $9.67 target price on the stock in a report on Friday, April 14th. Stifel Nicolaus reaffirmed a hold rating and set a $9.00 target price on shares of GoPro in a report on Saturday, April 29th. ValuEngine raised shares of GoPro from a strong sell rating to a sell rating in a report on Friday, June 2nd. Dougherty & Co reaffirmed a sell rating and set a $5.00 target price on shares of GoPro in a report on Tuesday, April 25th. Finally, Zacks Investment Research lowered shares of GoPro from a buy rating to a hold rating in a report on Tuesday, May 16th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $8.28.

Shares of GoPro (NASDAQ GPRO) traded up 3.15% on Friday, hitting $10.16. 13,142,285 shares of the company’s stock were exchanged. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68. The stock’s 50 day moving average is $8.07 and its 200 day moving average is $8.63. The firm’s market cap is $1.46 billion. GoPro also was the target of unusually large options trading activity on Friday. Traders acquired 10,500 put options on the company. This is an increase of approximately 428% compared to the typical daily volume of 1,987 put options.

GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million for the quarter, compared to analyst estimates of $268.94 million. GoPro had a negative net margin of 27.88% and a negative return on equity of 38.52%. GoPro’s revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.52) EPS. On average, equities analysts predict that GoPro will post ($0.04) earnings per share for the current year.

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In related news, Director Anthony John Bates sold 41,076 shares of the company’s stock in a transaction on 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 directly owns 142,011 shares in the company, valued at approximately $1,205,673.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 28.69% of the company’s stock.

A number of large investors have recently bought and sold shares of GPRO. Nomura Holdings Inc. purchased a new stake in GoPro during the first quarter worth approximately $113,000. Engineers Gate Manager LP purchased a new stake in GoPro during the first quarter worth approximately $118,000. Financial Architects Inc raised its stake in GoPro by 15.2% in the first quarter. Financial Architects Inc now owns 15,200 shares of the company’s stock worth $132,000 after buying an additional 2,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in GoPro by 195.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after buying an additional 10,750 shares in the last quarter. Finally, Concourse Capital Management LLC purchased a new stake in GoPro during the first quarter worth approximately $155,000. Institutional investors own 25.34% 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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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