Press coverage about GoPro (NASDAQ:GPRO) has trended somewhat negative recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GoPro earned a news sentiment score of -0.10 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6163280521535 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
Several equities research analysts recently issued reports on the company. Bank of America lowered their price objective on GoPro from $6.50 to $5.50 and set an “underperform” rating on the stock in a report on Friday. Citigroup reduced their price target on shares of GoPro to $5.50 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered GoPro from an “overweight” rating to a “neutral” rating and cut their target price for the company from $9.00 to $8.00 in a research report on Friday. Morgan Stanley lowered GoPro from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $9.50 to $5.00 in a research report on Tuesday, January 23rd. Finally, Longbow Research downgraded shares of GoPro from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $7.16 to $13.00 in a research note on Monday, January 8th. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a strong buy rating to the company. GoPro has an average rating of “Hold” and a consensus target price of $8.12.
GoPro (NASDAQ GPRO) opened at $5.55 on Friday. GoPro has a one year low of $5.04 and a one year high of $11.89. The company has a market cap of $810.07, a price-to-earnings ratio of -4.24 and a beta of 0.15. 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 (NASDAQ:GPRO) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%. The firm had revenue of $329.81 million for the quarter, compared to the consensus estimate of $314.32 million. sell-side analysts forecast that GoPro will post -0.78 earnings per share for the current year.
In other news, CEO Nicholas Woodman sold 165,343 shares of GoPro stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $9.02, for a total value of $1,491,393.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction dated 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 transaction, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,907 shares of company stock valued at $1,689,300. 28.58% of the stock is owned by company insiders.
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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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