GoPro (GPRO) Shares Gap Down to $5.44

GoPro Inc (NASDAQ:GPRO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.68, but opened at $5.44. GoPro shares last traded at $5.31, with a volume of 386001 shares changing hands.

Several equities analysts have commented on the company. Oppenheimer raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Wednesday, September 26th. Wedbush set a $7.00 price objective on GoPro and gave the company a “hold” rating in a research report on Sunday. ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. BidaskClub lowered GoPro from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Finally, Morgan Stanley set a $5.00 price objective on GoPro and gave the company a “sell” rating in a research report on Sunday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.10.

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 firm has a market cap of $805.75 million, a price-to-earnings ratio of -5.34 and a beta of 0.31.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, November 1st. The company reported ($0.04) earnings per share for the quarter, beating the 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 firm had revenue of $286.00 million during the quarter, compared to the consensus estimate of $272.28 million. During the same period last year, the company earned $0.15 earnings per share. The company’s revenue was down 13.3% on a year-over-year basis. As a group, equities analysts forecast that GoPro Inc will post -0.54 EPS for the current fiscal year.

In other news, CFO Brian Mcgee sold 5,452 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 108,411 shares in the company, valued at $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 company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in GoPro in the 3rd quarter worth about $119,000. Daiwa Securities Group Inc. bought a new stake in GoPro in the 3rd quarter worth about $120,000. Public Employees Retirement Association of Colorado increased its holdings in GoPro by 326.6% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 17,991 shares of the company’s stock worth $130,000 after buying an additional 13,774 shares in the last quarter. Exane Derivatives bought a new stake in GoPro in the 3rd quarter worth about $137,000. Finally, Fox Run Management L.L.C. bought a new stake in GoPro in the 3rd quarter worth about $143,000. Institutional investors own 30.80% of the company’s stock.

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GoPro Company Profile (NASDAQ:GPRO)

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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