GoPro Inc (NASDAQ:GPRO) SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.60, for a total transaction of $83,809.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GoPro Inc (NASDAQ:GPRO) opened at $5.57 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. The stock has a market capitalization of $801.31, a PE ratio of -4.25 and a beta of 0.15. GoPro Inc has a twelve month low of $5.04 and a twelve month high of $11.89.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.75). The company had revenue of $334.80 million for the quarter, compared to analyst estimates of $340.19 million. GoPro had a negative return on equity of 39.34% and a negative net margin of 15.50%. GoPro’s quarterly revenue was down 38.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. equities analysts expect that GoPro Inc will post -0.62 earnings per share for the current year.
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of GoPro from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $9.00 to $8.00 in a report on Friday, February 2nd. Citigroup dropped their price target on shares of GoPro from $7.00 to $5.50 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Bank of America dropped their price target on shares of GoPro from $6.50 to $5.50 and set an “underperform” rating on the stock in a research report on Friday, February 2nd. Longbow Research cut shares of GoPro from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $7.16 to $13.00 in a research report on Monday, January 8th. Finally, Zacks Investment Research cut shares of GoPro from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company. GoPro currently has an average rating of “Hold” and an average price target of $8.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPRO. Wells Fargo & Company MN raised its holdings in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after buying an additional 212,486 shares during the period. Teachers Advisors LLC raised its holdings in GoPro by 9.2% during the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock worth $1,572,000 after buying an additional 16,243 shares during the period. TIAA CREF Investment Management LLC raised its holdings in GoPro by 4.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 286,964 shares of the company’s stock worth $2,333,000 after buying an additional 12,354 shares during the period. Ameriprise Financial Inc. raised its holdings in GoPro by 13.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 48,721 shares of the company’s stock worth $396,000 after buying an additional 5,849 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in GoPro by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock worth $904,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 27.02% of the company’s stock.
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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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