Citigroup Inc. reaffirmed their neutral rating on shares of GoPro, Inc. (NASDAQ:GPRO) in a report published on Friday, September 8th, The Fly reports. Citigroup Inc. currently has a $10.50 price target on the stock.
A number of other research analysts also recently commented on the company. J P Morgan Chase & Co increased their target price on GoPro from $13.00 to $15.00 and gave the company an overweight rating in a research report on Thursday, September 7th. BidaskClub downgraded GoPro from a hold rating to a sell rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) upgraded GoPro from a sell rating to a neutral rating and increased their target price for the company from $6.75 to $10.00 in a research report on Tuesday, August 15th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of GoPro in a research report on Wednesday, August 9th. Finally, Vetr downgraded GoPro from a hold rating to a strong sell rating and set a $8.02 price target for the company. in a research report on Monday, August 7th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. GoPro presently has a consensus rating of Hold and a consensus target price of $8.75.
Shares of GoPro (NASDAQ:GPRO) traded up 2.58% during midday trading on Friday, reaching $11.52. 7,228,973 shares of the company’s stock traded hands. GoPro has a 52-week low of $7.14 and a 52-week high of $17.68. The company has a 50 day moving average of $9.53 and a 200 day moving average of $8.67. The firm’s market cap is $1.56 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million during the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.52) EPS. On average, equities analysts predict that GoPro will post $0.01 EPS for the current fiscal year.
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In other GoPro news, COO Charles J. Prober sold 24,918 shares of the firm’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 completion of the sale, the chief operating officer now owns 148,493 shares of the company’s stock, valued at $1,633,423. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now directly owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. In the last three months, insiders sold 51,344 shares of company stock valued at $542,205. Corporate insiders own 28.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of GPRO. Capital Fund Management S.A. boosted its holdings in GoPro by 12.8% in the first quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock worth $906,000 after acquiring an additional 11,830 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of GoPro by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock worth $4,095,000 after purchasing an additional 23,641 shares during the period. Swiss National Bank lifted its holdings in shares of GoPro by 3.9% during the first quarter. Swiss National Bank now owns 145,600 shares of the company’s stock worth $1,267,000 after purchasing an additional 5,500 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of GoPro by 33.6% during the first quarter. UBS Asset Management Americas Inc. now owns 52,076 shares of the company’s stock worth $453,000 after purchasing an additional 13,106 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of GoPro during the first quarter worth about $118,000. 24.40% of the stock is owned by institutional investors and hedge funds.
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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