Somewhat Positive Press Coverage Somewhat Unlikely to Affect GoPro (GPRO) Stock Price

News stories about GoPro (NASDAQ:GPRO) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GoPro earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6406379401655 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of research firms recently issued reports on GPRO. Bank of America reduced their price objective on GoPro from $6.50 to $5.50 and set an “underperform” rating for the company in a research report on Friday, February 2nd. BidaskClub upgraded GoPro from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 7th. Vetr lowered GoPro from a “strong-buy” rating to a “buy” rating and set a $6.36 price target for the company. in a research report on Tuesday, March 6th. Wedbush reiterated a “neutral” rating and set a $6.00 price target (down previously from $10.50) on shares of GoPro in a research report on Tuesday, January 9th. Finally, Citigroup reduced their price target on GoPro to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.71.

GPRO stock traded down $0.06 during trading on Friday, reaching $5.07. 2,719,108 shares of the company’s stock were exchanged, compared to its average volume of 3,641,309. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55. GoPro has a 1-year low of $4.42 and a 1-year high of $11.89. The firm has a market capitalization of $749.92, a PE ratio of -4.78 and a beta of 0.20.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The firm had revenue of $334.80 million during the quarter, compared to the consensus estimate of $340.19 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down 38.1% on a year-over-year basis. equities research analysts predict that GoPro will post -0.8 earnings per share for the current fiscal year.

In other news, CFO Brian Mcgee sold 11,124 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the sale, the chief financial officer now owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sharon S. Zezima sold 14,966 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here. 28.58% of the stock is currently owned by insiders.

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GoPro Company Profile

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.

Insider Buying and Selling by Quarter for GoPro (NASDAQ:GPRO)

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