Wedbush set a $7.00 target price on GoPro (NASDAQ:GPRO) in a research note released on Sunday. The firm currently has a hold rating on the stock.
Several other equities analysts have also recently issued reports on GPRO. BidaskClub cut GoPro from a strong-buy rating to a buy rating in a research report on Thursday, July 12th. ValuEngine cut GoPro from a sell rating to a strong sell rating in a research report on Monday, July 30th. JPMorgan Chase & Co. set a $7.00 target price on GoPro and gave the stock a hold rating in a research report on Tuesday, July 31st. Cowen reiterated a hold rating and set a $6.00 target price on shares of GoPro in a research report on Friday, August 3rd. Finally, Longbow Research reiterated a hold rating on shares of GoPro in a research report on Friday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $7.10.
NASDAQ GPRO traded down $0.07 on Friday, hitting $5.37. 408,030 shares of the company’s stock were exchanged, compared to its average volume of 5,534,488. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. GoPro has a fifty-two week low of $4.42 and a fifty-two week high of $9.60. The stock has a market capitalization of $805.75 million, a price-to-earnings ratio of -5.00 and a beta of 0.31.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, November 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. GoPro had a negative return on equity of 65.78% and a negative net margin of 17.77%. The company had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $272.28 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that GoPro will post -0.54 earnings per share for the current fiscal year.
In other news, CFO Brian Mcgee sold 5,452 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $5.86, for a total transaction of $31,948.72. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.61% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in GPRO. BlackRock Inc. boosted its stake in shares of GoPro by 9.1% during the 1st quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock worth $36,004,000 after acquiring an additional 629,370 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of GoPro by 4.3% during the 1st quarter. California Public Employees Retirement System now owns 223,300 shares of the company’s stock worth $1,070,000 after acquiring an additional 9,308 shares in the last quarter. LPL Financial LLC boosted its stake in shares of GoPro by 14.1% during the 1st quarter. LPL Financial LLC now owns 74,593 shares of the company’s stock worth $357,000 after acquiring an additional 9,243 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of GoPro during the 2nd quarter worth approximately $172,000. Finally, MUFG Securities EMEA plc boosted its stake in shares of GoPro by 113.1% during the 2nd quarter. MUFG Securities EMEA plc now owns 60,287 shares of the company’s stock worth $388,000 after acquiring an additional 32,000 shares in the last quarter. 30.80% of the stock is currently 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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