GoPro (NASDAQ:GPRO) received a $6.00 price objective from stock analysts at Bank of America in a report released on Saturday. The firm currently has a “sell” rating on the stock. Bank of America’s price objective suggests a potential upside of 10.29% from the company’s previous close.
Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of GoPro from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley set a $5.00 price objective on shares of GoPro and gave the stock a “sell” rating in a research report on Monday, October 29th. BidaskClub downgraded shares of GoPro from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Wedbush set a $7.00 price objective on shares of GoPro and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Finally, Citigroup raised shares of GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Wednesday, September 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.10.
NASDAQ:GPRO opened at $5.44 on Friday. GoPro has a one year low of $4.42 and a one year high of $9.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.49 and a quick ratio of 1.15. The stock has a market capitalization of $805.75 million, a PE ratio of -5.13 and a beta of 0.31.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, November 1st. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. GoPro had a negative net margin of 17.77% and a negative return on equity of 65.78%. The business had revenue of $286.00 million during the quarter, compared to analyst estimates of $272.28 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. Research analysts forecast 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 that occurred on Thursday, August 16th. The shares were sold at an average price of $5.86, for a total value of $31,948.72. Following the transaction, the chief financial officer now owns 108,411 shares of the company’s stock, valued at approximately $635,288.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.61% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in GoPro by 10.5% during the 2nd quarter. BlackRock Inc. now owns 8,302,325 shares of the company’s stock worth $53,468,000 after purchasing an additional 785,861 shares during the last quarter. Renaissance Technologies LLC grew its position in GoPro by 478.8% during the 2nd quarter. Renaissance Technologies LLC now owns 4,496,600 shares of the company’s stock worth $28,958,000 after purchasing an additional 3,719,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in GoPro during the 3rd quarter worth approximately $15,571,000. Northern Trust Corp grew its position in GoPro by 5.4% during the 2nd quarter. Northern Trust Corp now owns 1,384,607 shares of the company’s stock worth $8,917,000 after purchasing an additional 70,968 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in GoPro by 18.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,059,983 shares of the company’s stock worth $6,827,000 after purchasing an additional 166,661 shares during the last quarter. 30.82% of the stock is currently owned by institutional investors.
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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