Goldman Sachs Group Inc. reaffirmed their neutral rating on shares of GoPro Inc. (NASDAQ:GPRO) in a research note released on Thursday morning. The firm currently has a $14.00 target price on the stock, up from their prior target price of $12.50.
Other analysts also recently issued research reports about the company. Oppenheimer Holdings Inc. reiterated a rating on shares of GoPro in a research report on Thursday, July 28th. JPMorgan Chase & Co. set a $17.00 price target on GoPro and gave the company a buy rating in a research report on Thursday, July 21st. Vetr upgraded GoPro from a hold rating to a buy rating and set a $13.42 price target for the company in a research report on Tuesday, August 2nd. Bank of America Corp. assumed coverage on GoPro in a research report on Friday, September 16th. They set a buy rating and a $19.00 price target for the company. Finally, Barclays PLC reissued an equal weight rating and set a $12.00 price objective on shares of GoPro in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $15.78.
GoPro (NASDAQ:GPRO) opened at 16.92 on Thursday. GoPro has a 12-month low of $8.62 and a 12-month high of $31.95. The firm’s 50 day moving average price is $14.69 and its 200-day moving average price is $12.28. The company’s market capitalization is $2.36 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.06. The firm earned $220.80 million during the quarter, compared to the consensus estimate of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The company’s revenue for the quarter was down 47.4% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, equities analysts anticipate that GoPro will post ($1.07) earnings per share for the current fiscal year.
In other GoPro news, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $15.12, for a total value of $10,584,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the completion of the sale, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in GPRO. Advisor Group Inc. bought a new stake in GoPro during the second quarter valued at approximately $100,000. BlueMountain Capital Management LLC bought a new stake in GoPro during the first quarter valued at approximately $117,000. Marathon Trading Investment Management LLC increased its stake in GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares during the period. Emerald Acquisition Ltd. acquired a new position in GoPro during the second quarter valued at $111,000. Finally, Penserra Capital Management LLC boosted its position in GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock valued at $114,000 after buying an additional 3,164 shares in the last quarter. 28.46% of the stock is currently owned by institutional investors and hedge funds.
GoPro Company Profile
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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