Dougherty & Co Reiterates Hold Rating for GoPro Inc. (GPRO)
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “hold” rating reaffirmed by stock analysts at Dougherty & Co in a research note issued to investors on Tuesday.
A number of other research analysts have also recently weighed in on GPRO. Piper Jaffray Cos. set a $9.00 price objective on shares of GoPro and gave the stock a “sell” rating in a research note on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 target price on shares of GoPro in a research note on Thursday, July 28th. Longbow Research cut shares of GoPro from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Wedbush lifted their target price on shares of GoPro from $13.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of GoPro in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. GoPro currently has a consensus rating of “Hold” and a consensus target price of $15.62.
GoPro (NASDAQ:GPRO) traded up 3.72% during mid-day trading on Tuesday, hitting $14.79. The stock had a trading volume of 8,693,315 shares. The company has a 50 day moving average price of $14.34 and a 200-day moving average price of $12.17. The company’s market cap is $2.06 billion. GoPro has a one year low of $8.62 and a one year high of $35.00.
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GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.06. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The business earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same period last year, the company posted $0.35 EPS. The company’s revenue was down 47.4% on a year-over-year basis. Equities analysts expect that GoPro will post ($1.06) earnings per share for the current fiscal year.
In other news, President Anthony John Bates sold 9,704 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the completion of the sale, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in GPRO. Vanguard Group Inc. increased its stake in shares of GoPro by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,685,463 shares of the company’s stock worth $61,461,000 after buying an additional 358,470 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock worth $34,272,000 after buying an additional 1,190,470 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock worth $26,630,000 after buying an additional 1,826,461 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of GoPro by 14.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,177,166 shares of the company’s stock worth $23,535,000 after buying an additional 270,430 shares in the last quarter. Finally, State Street Corp increased its stake in shares of GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock worth $18,266,000 after buying an additional 668,942 shares in the last quarter. 28.46% of the stock is owned by institutional investors.
GoPro Company Profile
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
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