Several other equities analysts also recently commented on GPRO. Longbow Research started coverage on shares of GoPro in a report on Tuesday, June 14th. They issued a neutral rating and a $11.88 target price on the stock. Piper Jaffray Cos. reaffirmed an underweight rating and set a $6.50 price target on shares of GoPro in a research note on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $17.00 price target on shares of GoPro in a research note on Friday, June 17th. Oppenheimer Holdings Inc. reaffirmed a market perform rating and set a $43.00 price target on shares of GoPro in a research note on Friday, July 15th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and set a $11.00 price target on shares of GoPro in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. GoPro currently has an average rating of Hold and a consensus price target of $15.94.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, July 27th. The company reported ($0.52) EPS 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 the consensus estimate of $194.37 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was down 47.4% compared to the same quarter last year.
In other news, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the completion of the transaction, the president now 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 currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. bought a new position in GoPro during the second quarter worth approximately $100,000. BlueMountain Capital Management LLC bought a new position in GoPro during the first quarter worth approximately $117,000. Marathon Trading Investment Management LLC boosted its position in 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 last quarter. Emerald Acquisition Ltd. bought a new position in GoPro during the second quarter worth approximately $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 worth $114,000 after buying an additional 3,164 shares during the last quarter. Hedge funds and other institutional investors own 28.46% of the company’s stock.
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.