A number of other research firms have also weighed in on GPRO. BlueFin Research reaffirmed an add rating on shares of GoPro in a report on Monday, September 26th. Zacks Investment Research raised shares of GoPro from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of GoPro in a report on Friday, September 23rd. Vetr lowered shares of GoPro from a strong-buy rating to a buy rating and set a $17.10 target price on the stock. in a report on Monday, August 15th. Finally, FBN Securities set a $15.00 target price on shares of GoPro and gave the stock a hold rating in a report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $15.94.
GoPro (NASDAQ:GPRO) opened at 16.74 on Wednesday. The stock’s 50 day moving average is $15.04 and its 200-day moving average is $12.44. The firm’s market cap is $2.33 billion. GoPro has a one year low of $8.62 and a one year high of $31.95.
GoPro (NASDAQ:GPRO) last posted its earnings results 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 business had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. GoPro’s revenue was down 47.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, equities research analysts expect that GoPro will post ($1.07) earnings per share for the current fiscal year.
In other news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were 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 of the company’s stock, valued at approximately $5,637,619.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward A. Gilhuly sold 700,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was 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. Company insiders own 28.69% of the company’s stock.
Several large investors have recently bought and sold shares of GPRO. BlackRock Fund Advisors boosted its stake in GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock valued at $26,630,000 after buying an additional 1,826,461 shares in the last quarter. AQR Capital Management LLC boosted its stake in GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock valued at $34,272,000 after buying an additional 1,190,470 shares in the last quarter. State Street Corp boosted its stake in GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock valued at $18,266,000 after buying an additional 668,942 shares in the last quarter. Norges Bank bought a new stake in GoPro during the fourth quarter valued at approximately $10,583,000. Finally, First Eagle Investment Management LLC bought a new stake in GoPro during the second quarter valued at approximately $5,297,000. 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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