Other research analysts also recently issued reports about the stock. Bank of America decreased their price target on shares of GoPro from $6.50 to $5.50 and set an underperform rating on the stock in a research report on Friday, February 2nd. Wedbush restated a neutral rating and set a $6.00 price objective (down from $10.50) on shares of GoPro in a research report on Tuesday, January 9th. Citigroup decreased their price objective on shares of GoPro to $7.00 and set a neutral rating on the stock in a research report on Tuesday, January 9th. Morgan Stanley downgraded shares of GoPro from an equal weight rating to an underweight rating and decreased their price objective for the company from $9.50 to $5.00 in a research report on Tuesday, January 23rd. Finally, Longbow Research downgraded shares of GoPro from a buy rating to a neutral rating and raised their price objective for the company from $7.16 to $13.00 in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $7.77.
GoPro (NASDAQ GPRO) opened at $5.63 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14. GoPro has a 52-week low of $5.04 and a 52-week high of $11.89.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $334.80 million during the quarter, compared to the consensus estimate of $340.19 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was down 38.1% on a year-over-year basis. research analysts forecast that GoPro will post -0.62 EPS for the current year.
In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of GoPro stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Mcgee sold 11,124 shares of GoPro stock in a transaction 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 completion of the sale, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. Insiders own 28.58% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Argent Capital Management LLC bought a new stake in GoPro in the 3rd quarter valued at $1,028,000. CIBC World Markets Inc. bought a new stake in GoPro in the 4th quarter valued at $295,000. Boothbay Fund Management LLC bought a new stake in GoPro in the 3rd quarter valued at $266,000. Comerica Bank bought a new stake in GoPro in the 3rd quarter valued at $737,000. Finally, Spark Investment Management LLC bought a new stake in GoPro in the 4th quarter valued at $2,237,000. Institutional investors own 26.03% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “GoPro (GPRO) Upgraded to “Sell” by Vetr” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2018/03/13/gopro-gpro-upgraded-to-sell-by-vetr.html.
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.
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.