GoPro’s “Neutral” Rating Reiterated at Dougherty & Co (GPRO)
Shares of GoPro (NASDAQ:GPRO) opened at 43.29 on Monday. GoPro has a one year low of $28.65 and a one year high of $49.90. The stock’s 50-day moving average is $41.32 and its 200-day moving average is $41.13. The company has a market cap of $5.455 billion and a P/E ratio of 137.87.
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 $0.79 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on GPRO. Analysts at Robert W. Baird raised their price target on shares of GoPro from $43.00 to $45.00 in a research note on Friday, August 1st. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.67.
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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