Charles J. Prober Sells 24,918 Shares of GoPro, Inc. (GPRO) Stock
GoPro, Inc. (NASDAQ:GPRO) COO Charles J. Prober sold 24,918 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the transaction, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of GoPro, Inc. (GPRO) opened at 11.41 on Thursday. GoPro, Inc. has a one year low of $7.14 and a one year high of $17.68. The company has a 50-day moving average price of $9.25 and a 200 day moving average price of $8.61. The company’s market capitalization is $1.55 billion.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS 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 analysts’ expectations of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.52) EPS. Equities analysts anticipate that GoPro, Inc. will post $0.01 EPS for the current year.
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Several research analysts have commented on GPRO shares. Wedbush reissued a “hold” rating and set a $9.00 target price on shares of GoPro in a research note on Thursday, June 1st. Vetr downgraded GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 target price for the company. in a research note on Wednesday, June 28th. Morgan Stanley raised GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 target price for the company in a research note on Monday, July 31st. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised GoPro from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $6.75 to $10.00 in a research note on Tuesday, August 15th. Finally, BidaskClub downgraded GoPro from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Seven research 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. The stock currently has an average rating of “Hold” and an average price target of $8.75.
A number of institutional investors have recently made changes to their positions in GPRO. Nomura Holdings Inc. increased its stake in GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after purchasing an additional 704 shares during the period. Engineers Gate Manager LP purchased a new position in GoPro in the 1st quarter worth approximately $118,000. Amalgamated Bank increased its stake in GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after purchasing an additional 1,858 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in GoPro by 195.5% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after purchasing an additional 10,750 shares during the period. Finally, Concourse Capital Management LLC purchased a new position in GoPro in the 1st quarter worth approximately $155,000. 24.40% 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.
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