FY2017 EPS Estimates for GoPro Inc Cut by Analyst (GPRO)

GoPro Inc (NASDAQ:GPRO) – Analysts at Wedbush cut their FY2017 EPS estimates for shares of GoPro in a research report issued on Tuesday. Wedbush analyst A. Reese now expects that the company will post earnings of ($0.57) per share for the year, down from their prior forecast of ($0.27). Wedbush currently has a “Neutral” rating and a $6.00 target price on the stock. Wedbush also issued estimates for GoPro’s Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at ($0.35) EPS, Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.46) EPS.

GPRO has been the topic of a number of other reports. Vetr upgraded shares of GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 target price on the stock in a report on Thursday, October 19th. JPMorgan Chase & Co. set a $9.00 target price on shares of GoPro and gave the company a “buy” rating in a report on Monday. Citigroup reduced their target price on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Bank of America upped their target price on shares of GoPro from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Finally, BidaskClub lowered shares of GoPro from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.74.

GoPro (NASDAQ:GPRO) opened at $6.05 on Thursday. The stock has a market cap of $883.05, a PE ratio of -3.52, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. GoPro has a 1-year low of $5.04 and a 1-year high of $11.89.

In related news, CFO Brian Mcgee sold 7,541 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were 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 of the company’s stock, valued at approximately $651,544.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony John Bates sold 17,023 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 704,907 shares of company stock valued at $6,478,800. Corporate insiders own 28.58% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Argent Capital Management LLC acquired a new stake in GoPro during the 3rd quarter worth approximately $1,028,000. Cubist Systematic Strategies LLC increased its position in GoPro by 416.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock worth $321,000 after purchasing an additional 23,508 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in GoPro during the 3rd quarter worth approximately $266,000. Commerzbank Aktiengesellschaft FI increased its position in GoPro by 27.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 485,295 shares of the company’s stock worth $5,343,000 after purchasing an additional 104,766 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in GoPro by 11.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 621,960 shares of the company’s stock worth $6,848,000 after purchasing an additional 65,097 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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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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