GoPro, Inc. (NASDAQ:GPRO) Director Anthony John Bates sold 17,023 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the completion of the sale, the director now owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The transaction was disclosed in a filing with the SEC, which is available through this link.
GoPro, Inc. (NASDAQ GPRO) traded up $0.03 on Friday, reaching $8.02. 3,175,210 shares of the company traded hands, compared to its average volume of 2,993,067. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08. GoPro, Inc. has a one year low of $7.14 and a one year high of $11.89.
Several research firms have recently issued reports on GPRO. Oppenheimer reiterated a “hold” rating on shares of GoPro in a research note on Friday, September 29th. BidaskClub lowered shares of GoPro from a “sell” rating to a “strong sell” rating in a research note on Saturday. Goldman Sachs Group upgraded shares of GoPro from a “sell” rating to a “neutral” rating and upped their target price for the stock from $6.75 to $10.00 in a research note on Tuesday, August 15th. Wedbush restated a “neutral” rating and set a $10.00 price target (down previously from $11.48) on shares of GoPro in a research report on Friday, September 29th. Finally, Dougherty & Co increased their price target on shares of GoPro from $5.00 to $7.00 and gave the company a “sell” rating in a research report on Monday, October 2nd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.68.
A number of institutional investors and hedge funds have recently bought and sold shares of GPRO. Nomura Holdings Inc. boosted its position in 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 purchasing an additional 704 shares during the period. Legal & General Group Plc boosted its position in 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 purchasing an additional 763 shares during the period. Stifel Financial Corp boosted its position in 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 purchasing an additional 813 shares during the period. Nationwide Fund Advisors boosted its position in 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 purchasing an additional 900 shares during the period. Finally, Amalgamated Bank boosted its position in GoPro by 14.6% during the second 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. Institutional investors own 26.09% of the company’s stock.
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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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