GoPro Inc. (NASDAQ:GPRO)‘s stock had its “add” rating reissued by research analysts at BlueFin Research in a research report issued on Monday.
A number of other equities analysts have also weighed in on the company. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of GoPro in a research note on Friday. Robert W. Baird restated a “neutral” rating and issued a $10.00 target price on shares of GoPro in a research report on Thursday. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $14.00 target price (up previously from $12.50) on shares of GoPro in a research report on Thursday. Dougherty & Co restated a “hold” rating on shares of GoPro in a research report on Tuesday, September 20th. Finally, Piper Jaffray Cos. set a $9.00 target price on GoPro and gave the company a “sell” rating in a research report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.78.
GoPro (NASDAQ:GPRO) traded down 2.27% during trading on Monday, hitting $16.76. The stock had a trading volume of 2,768,597 shares. GoPro has a one year low of $8.62 and a one year high of $32.15. The company’s market cap is $2.34 billion. The firm has a 50 day moving average of $14.60 and a 200-day moving average of $12.24.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.06. The company had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm’s revenue for the quarter was down 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts anticipate that GoPro will post ($1.07) earnings per share for the current fiscal year.
In related news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $15.58, for a total value of $623,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $15.12, for a total value of $10,584,000.00. The disclosure for this sale can be found here. 28.69% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of GoPro by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,685,463 shares of the company’s stock worth $61,461,000 after buying an additional 358,470 shares during the period. AQR Capital Management LLC boosted its stake in shares of GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock worth $34,272,000 after buying an additional 1,190,470 shares during the period. BlackRock Fund Advisors boosted its stake in shares of GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock worth $26,630,000 after buying an additional 1,826,461 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of GoPro by 14.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,177,166 shares of the company’s stock worth $23,535,000 after buying an additional 270,430 shares during the period. Finally, State Street Corp boosted its stake in shares of GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock worth $18,266,000 after buying an additional 668,942 shares during the period. 28.46% of the stock is owned by hedge funds and other institutional investors.
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
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