Media coverage about GoPro (NASDAQ:GPRO) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GoPro earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6230603429659 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
Shares of GoPro (GPRO) traded up $0.08 during midday trading on Friday, hitting $6.23. The company had a trading volume of 5,144,049 shares, compared to its average volume of 5,920,000. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $909.32, a price-to-earnings ratio of -3.62 and a beta of 0.53. GoPro has a 12-month low of $5.04 and a 12-month high of $11.89.
Several equities analysts have recently commented on GPRO shares. Vetr cut GoPro from a “buy” rating to a “hold” rating and set a $11.84 target price on the stock. in a report on Monday, September 18th. Wedbush reaffirmed a “neutral” rating and issued a $10.00 target price (down from $11.48) on shares of GoPro in a report on Friday, September 29th. Oppenheimer reaffirmed a “hold” rating on shares of GoPro in a report on Friday, September 29th. Dougherty & Co lifted their target price on GoPro from $5.00 to $7.00 and gave the stock a “sell” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, October 4th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. GoPro presently has an average rating of “Hold” and a consensus price target of $8.74.
In other news, CFO Brian Mcgee sold 7,541 shares of the company’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 transaction, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $135,843.54. Following the transaction, the director now directly owns 99,459 shares in the company, valued at $793,682.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 704,907 shares of company stock valued at $6,478,800. 28.58% of the stock is owned by company insiders.
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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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