GoPro (NASDAQ:GPRO) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.
Several other brokerages have also recently issued reports on GPRO. Longbow Research cut shares of GoPro from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $7.16 to $13.00 in a report on Monday, January 8th. JPMorgan Chase set a $9.00 target price on shares of GoPro and gave the stock a “buy” rating in a report on Monday, January 8th. Dougherty & Co reaffirmed a “sell” rating and issued a $4.00 target price (down from $7.00) on shares of GoPro in a report on Tuesday, January 9th. Citigroup decreased their target price on shares of GoPro to $7.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Finally, Morgan Stanley cut shares of GoPro from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $9.50 to $5.00 in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. GoPro currently has a consensus rating of “Hold” and a consensus target price of $7.71.
Shares of GoPro stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14. The stock has a market capitalization of $713.38, a price-to-earnings ratio of -4.60 and a beta of 0.20. GoPro has a 52-week low of $4.42 and a 52-week high of $11.89.
In other news, SVP Sharon S. Zezima sold 14,966 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.60, for a total transaction of $83,809.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the transaction, the chief financial officer now directly owns 71,958 shares of the company’s stock, valued at $406,562.70. The disclosure for this sale can be found here. 28.58% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRO. Principal Financial Group Inc. bought a new stake in GoPro during the third quarter valued at approximately $139,000. North Star Investment Management Corp. grew its position in GoPro by 226.6% during the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the period. Boothbay Fund Management LLC bought a new stake in GoPro during the third quarter valued at approximately $266,000. Cubist Systematic Strategies LLC grew its position in GoPro by 416.1% during the third quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after buying an additional 23,508 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in GoPro by 235.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares during the period. 26.00% of the stock is owned by hedge funds and other institutional investors.
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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