GoPro Inc. (NASDAQ:GPRO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 32,732,686 shares, an increase of 6.1% from the August 31st total of 30,848,133 shares. Approximately 35.0% of the shares of the stock are short sold. Based on an average trading volume of 6,193,372 shares, the short-interest ratio is presently 5.3 days.
In related news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $15.58, for a total value of $623,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 28.69% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of GPRO. BlueMountain Capital Management LLC bought a new stake in shares of GoPro during the first quarter worth about $117,000. Seven Eight Capital LLC raised its stake in shares of GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock worth $133,000 after buying an additional 10,813 shares during the period. Marathon Trading Investment Management LLC raised 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 during the period. HBK Investments L P bought a new stake in shares of GoPro during the first quarter worth about $357,000. Finally, Riverhead Capital Management LLC bought a new stake in shares of GoPro during the first quarter worth about $1,220,000. 28.46% of the stock is owned by institutional investors.
GPRO has been the topic of a number of research reports. Longbow Research initiated coverage on GoPro in a report on Tuesday, June 14th. They issued a “neutral” rating and a $11.88 price target on the stock. Piper Jaffray Cos. restated an “underweight” rating and issued a $6.50 price target on shares of GoPro in a report on Wednesday, June 15th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price target on shares of GoPro in a report on Friday, June 17th. Oppenheimer Holdings Inc. restated a “market perform” rating and issued a $43.00 price target on shares of GoPro in a report on Friday, July 15th. Finally, Dougherty & Co restated a “hold” rating on shares of GoPro in a report on Monday, July 18th. Two investment 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. GoPro has a consensus rating of “Hold” and a consensus price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) opened at 16.99 on Thursday. The stock’s 50 day moving average price is $14.83 and its 200 day moving average price is $12.34. GoPro has a 52 week low of $8.62 and a 52 week high of $31.95. The firm’s market capitalization is $2.37 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.06. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The firm had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was down 47.4% compared to the same quarter last year. On average, analysts predict that GoPro will post ($1.07) EPS for the current fiscal year.
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.
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.