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GoPro (NASDAQ:GPRO) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $51.00 price target on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 10.23% from the company’s current price. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. Analysts at Dougherty & Co reiterated a “neutral” rating on shares of GoPro in a research note on Monday, August 25th. Separately, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.67.

GoPro (NASDAQ:GPRO) traded down 4.89% on Thursday, hitting $54.08. The stock had a trading volume of 5,043,688 shares. GoPro has a one year low of $28.65 and a one year high of $57.45. The stock’s 50-day moving average is $42.96 and its 200-day moving average is $42.34. The company has a market cap of $6.815 billion and a price-to-earnings ratio of 181.08. GoPro also was the recipient of unusually large options trading on Monday. Stock investors purchased 13,165 call options on the stock. This is an increase of 455% compared to the average daily volume of 2,372 call options.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data 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.

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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