GoPro, Inc. (NASDAQ:GPRO) CFO Brian Mcgee sold 7,541 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of GoPro, Inc. (GPRO) traded up $0.10 during trading hours on Monday, hitting $8.39. The company had a trading volume of 3,179,644 shares, compared to its average volume of 4,345,620. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. GoPro, Inc. has a one year low of $7.14 and a one year high of $11.89.
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Several analysts recently weighed in on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. upgraded GoPro from an “underperform” rating to a “market perform” rating in a research report on Friday, August 4th. Cowen and Company reiterated a “hold” rating and issued a $8.50 target price on shares of GoPro in a research report on Thursday, August 3rd. Finally, 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. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. GoPro has a consensus rating of “Hold” and an average target price of $9.68.
Several large investors have recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in GoPro by 14.5% during the second quarter. Swiss National Bank now owns 166,700 shares of the company’s stock worth $1,355,000 after acquiring an additional 21,100 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in GoPro by 22.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock worth $4,528,000 after acquiring an additional 101,157 shares during the period. Wells Fargo & Company MN lifted its holdings in GoPro by 266.1% during the second quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after acquiring an additional 212,486 shares during the period. Teachers Advisors LLC lifted its holdings in GoPro by 9.2% during the second quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock worth $1,572,000 after acquiring an additional 16,243 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in GoPro by 2.2% during the second quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock worth $4,658,000 after acquiring an additional 12,530 shares during the period. 22.04% of the stock is currently owned by institutional investors.
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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