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GoPro (NASDAQ:GPRO) was downgraded by equities research analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James initiated coverage on shares of GoPro in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Separately, analysts at Barclays initiated coverage on shares of GoPro in a research note on Monday, July 21st. They set an “equal weight” rating and a $45.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Barid initiated coverage on shares of GoPro in a research note on Monday, July 21st. They set a “neutral” rating and a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.33.

GoPro (NASDAQ:GPRO) traded down 10.30% during mid-day trading on Friday, hitting $43.0301. 4,490,108 shares of the company’s stock traded hands. GoPro has a 52-week low of $28.65 and a 52-week high of $49.90. The stock’s 50-day moving average is $41.74 and its 200-day moving average is $41.74. The company has a market cap of $5.299 billion and a P/E ratio of 121.44.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $237.97 million. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. Analysts expect that GoPro will post $0.73 EPS for the current fiscal year.

GoPro, Inc, formerly Woodman Labs, Inc, develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.

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