A number of other equities research analysts also recently issued reports on the stock. Piper Jaffray Cos. reiterated an underweight rating and set a $6.50 price target on shares of GoPro in a research report on Wednesday, May 25th. Dougherty & Co reiterated a neutral rating on shares of GoPro in a research report on Wednesday, August 10th. Vetr upgraded shares of GoPro from a buy rating to a strong-buy rating and set a $16.34 price target for the company in a research report on Monday, August 8th. Barclays PLC reiterated an equal weight rating and set a $12.00 price target on shares of GoPro in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and set a $11.00 price target on shares of GoPro in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and an average price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) opened at 16.79 on Thursday. GoPro has a 12 month low of $8.62 and a 12 month high of $31.95. The firm’s market cap is $2.34 billion. The firm’s 50-day moving average price is $14.76 and its 200-day moving average price is $12.31.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) 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 net margin of 17.31% and a negative return on equity of 27.52%. The firm’s revenue was down 47.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Analysts expect that GoPro will post ($1.07) earnings per share for the current year.
In related news, President Anthony John Bates sold 9,704 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of the sale, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $15.12, for a total transaction of $10,584,000.00. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Several large investors have recently made changes to their positions in GPRO. Advisor Group Inc. acquired a new stake in shares of GoPro during the second quarter worth $100,000. Emerald Acquisition Ltd. acquired a new stake in shares of GoPro during the second quarter worth $111,000. Penserra Capital Management LLC increased its stake in shares of GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock worth $114,000 after buying an additional 3,164 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of GoPro during the first quarter worth $117,000. Finally, Marathon Trading Investment Management LLC increased its stake in shares of GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock worth $120,000 after buying an additional 80,800 shares in the last quarter. 28.46% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.