GoPro (NASDAQ:GPRO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.74-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.84. GoPro also updated its FY19 guidance to $0.30-0.40 EPS.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of GoPro from a sell rating to a hold rating in a report on Friday, October 25th. Oppenheimer reduced their price target on shares of GoPro from $9.00 to $7.00 and set an outperform rating on the stock in a research report on Thursday, October 3rd. Zacks Investment Research cut shares of GoPro from a hold rating to a strong sell rating and set a $3.50 price target on the stock. in a research report on Friday, October 4th. Morgan Stanley reduced their price target on shares of GoPro from $5.00 to $4.50 and set an underweight rating on the stock in a research report on Thursday, October 3rd. Finally, Wedbush reaffirmed a hold rating and set a $4.50 price target on shares of GoPro in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $5.50.

GPRO stock traded up $0.27 during midday trading on Friday, reaching $4.71. 14,819,400 shares of the company’s stock traded hands, compared to its average volume of 4,533,961. The company has a market capitalization of $687.37 million, a P/E ratio of -10.24, a PEG ratio of 7.43 and a beta of 0.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.14. GoPro has a fifty-two week low of $3.25 and a fifty-two week high of $7.64. The business has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $5.11.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.06. The firm had revenue of $131.00 million for the quarter, compared to analysts’ expectations of $126.36 million. GoPro had a negative net margin of 2.59% and a negative return on equity of 2.69%. GoPro’s revenue was down 54.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, research analysts forecast that GoPro will post 0.06 earnings per share for the current fiscal year.

About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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