Brokerages forecast that GoPro Inc (NASDAQ:GPRO) will report $340.20 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GoPro’s earnings, with the highest sales estimate coming in at $340.61 million and the lowest estimate coming in at $340.00 million. GoPro reported sales of $540.62 million during the same quarter last year, which indicates a negative year-over-year growth rate of 37.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that GoPro will report full year sales of $340.20 million for the current fiscal year, with estimates ranging from $1.18 billion to $1.32 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.24 billion per share, with estimates ranging from $1.09 billion to $1.44 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. GoPro had a negative return on equity of 15.90% and a negative net margin of 17.52%.

Several analysts recently commented on the company. Oppenheimer reaffirmed a “hold” rating on shares of GoPro in a research note on Friday, September 29th. Wedbush reaffirmed a “neutral” rating and issued a $10.00 price target (down previously from $11.48) on shares of GoPro in a research note on Friday, September 29th. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, October 4th. Dougherty & Co boosted their price target on GoPro from $5.00 to $7.00 and gave the company a “sell” rating in a research note on Monday, October 2nd. Finally, Citigroup decreased their price target on GoPro from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.74.

Shares of GoPro (NASDAQ:GPRO) traded down $0.07 during mid-day trading on Friday, reaching $6.27. The company had a trading volume of 2,618,200 shares, compared to its average volume of 10,513,226. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. The firm has a market cap of $919.54, a price-to-earnings ratio of -3.65 and a beta of 0.53. GoPro has a twelve month low of $5.04 and a twelve month high of $11.89.

In other news, CFO Brian Mcgee sold 7,541 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total transaction of $62,062.43. Following the completion of the sale, the chief financial officer now owns 79,167 shares in the company, valued at $651,544.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Nicholas Woodman sold 165,343 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $9.02, for a total value of $1,491,393.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 704,907 shares of company stock valued at $6,478,800. Corporate insiders own 28.58% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its position in shares of GoPro by 5.4% during the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after acquiring an additional 704 shares during the last quarter. Legal & General Group Plc raised its position in shares of GoPro by 2.3% during the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock worth $281,000 after acquiring an additional 763 shares during the last quarter. Stifel Financial Corp raised its position in shares of GoPro by 1.4% during the second quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock worth $482,000 after acquiring an additional 813 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of GoPro by 0.8% during the second quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock worth $904,000 after acquiring an additional 900 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of GoPro by 14.6% during the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after acquiring an additional 1,858 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

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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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