BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a buy rating in a report issued on Saturday.
GPRO has been the subject of several other reports. Citigroup decreased their price target on shares of GoPro from $6.50 to $5.30 and set a neutral rating for the company in a research note on Friday, May 4th. Vetr upgraded shares of GoPro from a strong sell rating to a sell rating and set a $5.00 price target for the company in a research note on Monday, March 12th. Wedbush reiterated a neutral rating and issued a $6.00 price target on shares of GoPro in a research note on Monday, April 30th. JPMorgan Chase set a $8.00 price target on shares of GoPro and gave the stock a hold rating in a research note on Friday, May 4th. Finally, Morgan Stanley lowered shares of GoPro from an equal weight rating to an underweight rating and decreased their price target for the stock from $9.50 to $5.00 in a research note on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $7.48.
Shares of GoPro stock opened at $5.35 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.04. The stock has a market capitalization of $802.79 million, a P/E ratio of -5.05 and a beta of 0.19. GoPro has a 1 year low of $4.42 and a 1 year high of $11.89.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, May 3rd. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.04. The company had revenue of $202.35 million during the quarter, compared to analyst estimates of $182.26 million. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. GoPro’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business earned ($0.44) EPS. equities research analysts expect that GoPro will post -0.47 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in GPRO. Indaba Capital Management L.P. purchased a new stake in GoPro during the 1st quarter valued at about $10,551,000. BlackRock Inc. grew its position in GoPro by 9.1% during the 1st quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after purchasing an additional 629,370 shares during the last quarter. Millennium Management LLC grew its position in GoPro by 310.4% during the 4th quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after purchasing an additional 517,298 shares during the last quarter. Engineers Gate Manager LP grew its position in GoPro by 1,970.7% during the 4th quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock valued at $2,987,000 after purchasing an additional 375,506 shares during the last quarter. Finally, Arnhold LLC purchased a new stake in GoPro during the 1st quarter valued at about $1,627,000. 28.24% of the stock is currently owned by institutional investors.
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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