BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
Several other analysts have also recently commented on GPRO. ValuEngine upgraded shares of GoPro from a sell rating to a hold rating in a research note on Tuesday, October 23rd. Wedbush set a $7.00 price target on shares of GoPro and gave the stock a hold rating in a research note on Sunday, November 4th. Morgan Stanley set a $5.00 price target on shares of GoPro and gave the stock a sell rating in a research note on Monday, October 29th. Citigroup upgraded shares of GoPro from a market perform rating to an outperform rating and set a $9.00 price target on the stock in a research note on Wednesday, September 26th. Finally, UBS Group upgraded shares of GoPro from a market perform rating to an outperform rating in a research note on Wednesday, September 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $6.75.
GoPro stock traded up $0.10 during mid-day trading on Wednesday, hitting $4.99. The stock had a trading volume of 2,795,296 shares, compared to its average volume of 4,017,637. The company has a market capitalization of $738.00 million, a P/E ratio of -4.71, a P/E/G ratio of 3.51 and a beta of 0.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.37. GoPro has a one year low of $4.00 and a one year high of $7.60.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, November 1st. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $286.00 million during the quarter, compared to the consensus estimate of $272.28 million. GoPro had a negative net margin of 17.77% and a negative return on equity of 70.45%. GoPro’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. Analysts forecast that GoPro will post -0.53 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in GPRO. DekaBank Deutsche Girozentrale raised its position in shares of GoPro by 151.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,109 shares of the company’s stock valued at $101,000 after buying an additional 9,699 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of GoPro during the 3rd quarter valued at about $116,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of GoPro during the 3rd quarter valued at about $119,000. Daiwa Securities Group Inc. purchased a new stake in shares of GoPro during the 3rd quarter valued at about $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GoPro by 215.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,981 shares of the company’s stock valued at $122,000 after buying an additional 11,604 shares in the last quarter. Hedge funds and other institutional investors own 39.07% of the company’s stock.
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.
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