A number of other research analysts also recently commented on GPRO. Wedbush set a $6.00 price target on GoPro and gave the company a hold rating in a research note on Friday, August 30th. Morgan Stanley set a $5.00 price objective on shares of GoPro and gave the stock a sell rating in a research note on Wednesday, August 21st. ValuEngine lowered shares of GoPro from a hold rating to a sell rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their target price on shares of GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of GoPro from a hold rating to a strong-buy rating and set a $8.50 target price for the company in a research report on Thursday, May 16th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. GoPro presently has a consensus rating of Hold and an average target price of $7.36.
Shares of NASDAQ GPRO opened at $4.62 on Friday. The stock has a market capitalization of $685.42 million, a PE ratio of -10.04, a P/E/G ratio of 3.43 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.14. The business has a fifty day moving average price of $4.35 and a two-hundred day moving average price of $5.73. GoPro has a fifty-two week low of $3.62 and a fifty-two week high of $7.64.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, August 1st. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $292.43 million for the quarter, compared to the consensus estimate of $302.29 million. GoPro had a negative net margin of 2.59% and a negative return on equity of 2.69%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities analysts expect that GoPro will post 0.12 EPS for the current year.
In related news, CEO Nicholas Woodman sold 700,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.34, for a total value of $3,738,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 1,409,640 shares of company stock worth $7,613,099 over the last ninety days. 22.34% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of GPRO. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in GoPro by 9.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,863 shares of the company’s stock worth $149,000 after acquiring an additional 2,021 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in GoPro by 11.5% during the 1st quarter. VisionPoint Advisory Group LLC now owns 29,150 shares of the company’s stock worth $189,000 after acquiring an additional 3,000 shares during the last quarter. Penserra Capital Management LLC grew its holdings in GoPro by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after acquiring an additional 3,062 shares during the last quarter. Versant Capital Management Inc increased its position in GoPro by 21.1% in the 2nd quarter. Versant Capital Management Inc now owns 25,189 shares of the company’s stock valued at $137,000 after acquiring an additional 4,396 shares during the period. Finally, Swiss National Bank increased its position in GoPro by 2.4% in the 2nd quarter. Swiss National Bank now owns 212,800 shares of the company’s stock valued at $1,162,000 after acquiring an additional 4,900 shares during the period. 49.38% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Understanding Average Daily Trade Volume
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.