BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a strong sell rating to a sell rating in a report released on Saturday.
Several other equities research analysts have also commented on GPRO. Vetr lowered GoPro from a buy rating to a hold rating and set a $5.00 price objective for the company. in a research note on Monday. Zacks Investment Research upgraded GoPro from a strong sell rating to a hold rating in a research note on Wednesday. JPMorgan Chase lowered GoPro from an overweight rating to a neutral rating and cut their price objective for the stock from $9.00 to $8.00 in a research note on Friday, February 2nd. Bank of America cut their price objective on GoPro from $6.50 to $5.50 and set an underperform rating for the company in a research note on Friday, February 2nd. Finally, Citigroup cut their price objective on GoPro from $7.00 to $5.50 and set a neutral rating for the company in a research note on Friday, February 2nd. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $7.71.
NASDAQ:GPRO opened at $4.88 on Friday. GoPro has a 12 month low of $4.42 and a 12 month high of $11.89. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $713.38, a price-to-earnings ratio of -4.60 and a beta of 0.20.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The firm had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $340.19 million. During the same quarter last year, the firm posted $0.29 earnings per share. GoPro’s quarterly revenue was down 38.1% on a year-over-year basis. equities research analysts forecast that GoPro will post -0.62 earnings per share for the current year.
In related news, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the transaction, the chief financial officer now directly owns 71,958 shares in the company, valued at $406,562.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here. Insiders own 28.58% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRO. Millennium Management LLC lifted its holdings in GoPro by 310.4% in the fourth quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after acquiring an additional 517,298 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in GoPro by 1,970.7% in the fourth quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock valued at $2,987,000 after acquiring an additional 375,506 shares during the last quarter. Spark Investment Management LLC acquired a new position in GoPro in the fourth quarter valued at approximately $2,237,000. BlackRock Inc. lifted its holdings in GoPro by 4.4% in the fourth quarter. BlackRock Inc. now owns 6,887,094 shares of the company’s stock valued at $52,136,000 after acquiring an additional 291,214 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in GoPro by 25.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock valued at $5,926,000 after acquiring an additional 160,745 shares during the last quarter. Hedge funds and other institutional investors own 26.00% of the company’s stock.
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GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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