Press coverage about GoPro (NASDAQ:GPRO) has trended somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. GoPro earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.4792492516174 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Is Ambarella a Turnaround Play? (finance.yahoo.com)
- Ambarella Surged After a Solid Q3 Beat (finance.yahoo.com)
- Do What Institutional Investors Does: Tyson Foods, Inc. (TSN), GoPro, Inc. (GPRO) – Market Movers (financialqz.com)
- What Hit GoPro Shares This November? (finance.yahoo.com)
- Analysts’ Activity to Watch: Gopro Inc Cl A Cmn (GPRO) – ExpertGazette (expertgazette.com)
GPRO has been the subject of several recent research reports. Vetr upgraded GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price objective for the company in a report on Thursday, October 19th. J P Morgan Chase & Co restated an “overweight” rating and issued a $13.00 price objective on shares of GoPro in a report on Saturday, August 26th. Morgan Stanley lifted their price objective on GoPro from $8.50 to $9.50 and gave the company an “equal weight” rating in a report on Friday, September 8th. Citigroup decreased their price objective on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, BidaskClub downgraded GoPro from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.68.
In other news, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Charles J. Prober sold 24,918 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the sale, the chief operating officer now owns 148,493 shares in the company, valued at approximately $1,633,423. The disclosure for this sale can be found here. Insiders sold 712,802 shares of company stock worth $6,617,054 in the last quarter. 28.58% of the stock is owned by insiders.
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GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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