GoPro Inc (NASDAQ:GPRO) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $6.39.
Several equities analysts have weighed in on GPRO shares. UBS Group raised GoPro from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 26th. Oppenheimer raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Wednesday, September 26th. Wedbush set a $7.00 price target on GoPro and gave the stock a “hold” rating in a research report on Wednesday, September 26th. ValuEngine downgraded GoPro from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th. Finally, Citigroup raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Wednesday, September 26th.
GPRO stock traded down $0.14 during midday trading on Wednesday, hitting $6.81. 2,480,200 shares of the stock were exchanged, compared to its average volume of 4,230,173. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.49. The stock has a market cap of $1.07 billion, a PE ratio of -6.42 and a beta of 0.21. GoPro has a fifty-two week low of $4.42 and a fifty-two week high of $10.70.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.07. The company had revenue of $282.70 million during the quarter, compared to the consensus estimate of $270.27 million. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. GoPro’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. As a group, equities research analysts predict that GoPro will post -0.54 earnings per share for the current year.
In other news, CFO Brian Mcgee sold 5,452 shares of GoPro stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $5.86, for a total value of $31,948.72. Following the completion of the sale, the chief financial officer now owns 108,411 shares of the company’s stock, valued at $635,288.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.61% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of GoPro by 8.5% in the second quarter. Rhumbline Advisers now owns 110,606 shares of the company’s stock valued at $712,000 after purchasing an additional 8,679 shares during the period. LPL Financial LLC grew its position in shares of GoPro by 14.1% in the first quarter. LPL Financial LLC now owns 74,593 shares of the company’s stock valued at $357,000 after purchasing an additional 9,243 shares during the period. California Public Employees Retirement System grew its position in shares of GoPro by 4.3% in the first quarter. California Public Employees Retirement System now owns 223,300 shares of the company’s stock valued at $1,070,000 after purchasing an additional 9,308 shares during the period. Swiss National Bank grew its position in shares of GoPro by 10.8% in the second quarter. Swiss National Bank now owns 200,900 shares of the company’s stock valued at $1,294,000 after purchasing an additional 19,600 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of GoPro in the third quarter valued at $143,000. 30.88% of the stock is owned by institutional investors and hedge funds.
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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