GoPro Inc (NASDAQ:GPRO) SVP Sandor Barna sold 21,642 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total value of $162,098.58. Following the transaction, the senior vice president now owns 189,223 shares in the company, valued at approximately $1,417,280.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of GoPro stock traded down $0.18 during trading on Friday, reaching $7.06. The company’s stock had a trading volume of 5,858,957 shares, compared to its average volume of 4,295,299. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.19. GoPro Inc has a 12-month low of $4.00 and a 12-month high of $7.64. The company has a market cap of $1.13 billion, a PE ratio of -15.35, a price-to-earnings-growth ratio of 5.03 and a beta of 0.69.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.06. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. The firm had revenue of $243.00 million for the quarter, compared to the consensus estimate of $234.41 million. During the same period in the previous year, the business earned ($0.34) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities research analysts anticipate that GoPro Inc will post 0.15 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new position in GoPro during the fourth quarter worth $44,000. Blueshift Asset Management LLC acquired a new position in GoPro during the fourth quarter worth $47,000. Penserra Capital Management LLC raised its holdings in GoPro by 50.0% during the first quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after purchasing an additional 3,062 shares during the last quarter. IHT Wealth Management LLC acquired a new position in GoPro during the first quarter worth $68,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in GoPro by 55.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock worth $69,000 after purchasing an additional 5,829 shares during the last quarter. Hedge funds and other institutional investors own 42.97% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. BidaskClub downgraded GoPro from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Wedbush set a $8.00 target price on GoPro and gave the company a “hold” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. lifted their target price on GoPro from $7.50 to $8.00 in a research note on Friday, May 10th. Finally, Longbow Research reiterated a “hold” rating on shares of GoPro in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.44.
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GoPro Company Profile
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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