Several other research firms have also recently commented on GPRO. BlueFin Research reaffirmed an add rating on shares of GoPro in a report on Monday, September 26th. Bank of America Corp. reaffirmed a buy rating and issued a $19.00 price target on shares of GoPro in a report on Wednesday, September 28th. Zacks Investment Research raised GoPro from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Tuesday, September 27th. Dougherty & Co reaffirmed a neutral rating on shares of GoPro in a report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of GoPro in a report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. GoPro presently has an average rating of Hold and an average target price of $15.89.
GoPro (NASDAQ:GPRO) opened at 14.41 on Friday. The stock’s market cap is $2.01 billion. GoPro has a 12-month low of $8.62 and a 12-month high of $30.67. The company’s 50-day moving average price is $15.08 and its 200-day moving average price is $12.67.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was down 47.4% on a year-over-year basis. On average, equities analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.
In other news, Director Edward A. Gilhuly sold 700,000 shares of GoPro 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total value of $137,408.64. Following the sale, the president now owns 398,137 shares in the company, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Company insiders own 28.69% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. purchased a new stake in GoPro during the second quarter worth approximately $100,000. Emerald Acquisition Ltd. purchased a new stake in GoPro during the second quarter worth approximately $111,000. Penserra Capital Management LLC boosted its stake 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 period. MSI Financial Services Inc boosted its stake in GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock worth $114,000 after buying an additional 2,044 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new stake in GoPro during the first quarter worth approximately $117,000. Institutional investors and hedge funds own 28.60% 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.
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