Shares of GoPro, Inc. (NASDAQ:GPRO) have been given an average recommendation of “Hold” by the twenty-six brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.92.

GPRO has been the topic of several recent analyst reports. Wedbush reissued a “hold” rating and issued a $9.00 target price on shares of GoPro in a research note on Thursday, June 1st. 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. Vetr cut shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 price target on the stock. in a report on Wednesday, June 28th. Morgan Stanley upgraded shares of GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target on the stock in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.

COPYRIGHT VIOLATION NOTICE: “GoPro, Inc. (NASDAQ:GPRO) Given Consensus Recommendation of “Hold” by Brokerages” was posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/gopro-inc-nasdaqgpro-given-consensus-recommendation-of-hold-by-brokerages.html.

Shares of GoPro (GPRO) traded up 1.02% during midday trading on Friday, reaching $9.88. 4,592,811 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $8.37 and its 200-day moving average is $8.66. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The stock’s market cap is $1.34 billion.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The business had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. During the same quarter in the prior year, the firm posted ($0.52) earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, equities analysts expect that GoPro will post ($0.05) EPS for the current year.

In other GoPro 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 directly owns 142,011 shares of the company’s stock, valued at $1,205,673.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 28.69% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in GoPro during the fourth quarter valued at approximately $270,000. Norges Bank purchased a new stake in GoPro during the fourth quarter valued at approximately $492,000. 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 valued at $132,000 after buying an additional 2,000 shares during the last quarter. MUFG Securities EMEA plc raised its stake in GoPro by 7,126.6% in the first quarter. MUFG Securities EMEA plc now owns 90,714 shares of the company’s stock valued at $789,000 after buying an additional 92,005 shares during the last quarter. Finally, Capital Fund Management S.A. raised its stake in GoPro by 12.8% in the first quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock valued at $906,000 after buying an additional 11,830 shares during the last quarter. 25.34% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.