GoPro (NASDAQ:GPRO) was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday. The firm presently has a $5.00 target price on the stock. Vetr‘s price objective would indicate a potential downside of 11.19% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of GoPro from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. JPMorgan Chase & Co. set a $9.00 price objective on shares of GoPro and gave the company a “buy” rating in a report on Monday, January 8th. Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Dougherty & Co reissued a “sell” rating and set a $4.00 price objective (down from $7.00) on shares of GoPro in a report on Tuesday, January 9th. Finally, Wedbush reissued a “neutral” rating and set a $6.00 price objective (down from $10.50) on shares of GoPro in a report on Tuesday, January 9th. Nine analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.77.
GoPro (GPRO) opened at $5.63 on Monday. The stock has a market capitalization of $840.94, a price-to-earnings ratio of -7.41 and a beta of 0.13. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. GoPro has a 12-month low of $5.04 and a 12-month high of $11.89.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.75). The business 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 40.56% and a negative net margin of 15.50%. The business’s revenue for the quarter was down 38.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. equities research analysts anticipate that GoPro will post -0.62 EPS for the current year.
In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the sale, the chief financial officer now directly owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. 28.58% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of GPRO. North Star Investment Management Corp. boosted its holdings in GoPro by 226.6% in the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after purchasing an additional 11,500 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in GoPro in the third quarter valued at $139,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in GoPro by 235.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after purchasing an additional 21,501 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in GoPro in the third quarter valued at $266,000. Finally, MUFG Securities EMEA plc boosted its holdings in GoPro by 958.1% in the fourth quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock valued at $267,000 after purchasing an additional 31,952 shares during the last quarter. 26.03% of the stock is currently owned by institutional investors.
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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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