GoPro, Inc. (NASDAQ:GPRO) CFO Brian Mcgee sold 7,541 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $8.23, for a total value of $62,062.43. Following the sale, the chief financial officer now owns 79,167 shares of the company’s stock, valued at $651,544.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of GoPro, Inc. (NASDAQ GPRO) opened at $8.39 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. 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 GPRO shares. 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 restated a “hold” rating and set a $8.50 price objective 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 upped their price objective for the stock from $6.75 to $10.00 in a research report on Tuesday, August 15th. Six research 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $9.68.
Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. increased its stake in shares of GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after buying an additional 704 shares during the period. Legal & General Group Plc increased its stake in shares of GoPro by 2.3% in the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after buying an additional 763 shares during the period. Stifel Financial Corp increased its stake in shares of GoPro by 1.4% in the second quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after buying an additional 813 shares during the period. Nationwide Fund Advisors increased its stake in shares of GoPro by 0.8% in the second quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after buying an additional 900 shares during the period. Finally, Amalgamated Bank increased its stake in shares of GoPro by 14.6% in the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after buying an additional 1,858 shares during the period. 22.04% of the stock is 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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