GoPro’s (GPRO) Hold Rating Reaffirmed at Dougherty & Co
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “hold” rating restated by equities research analysts at Dougherty & Co in a report released on Tuesday.
A number of other analysts also recently weighed in on the stock. Bank of America Corp. initiated coverage on shares of GoPro in a report on Friday, September 16th. They issued a “buy” rating and a $19.00 target price on the stock. Wedbush boosted their target price on shares of GoPro from $14.50 to $17.50 and gave the stock an “outperform” rating in a report on Tuesday. Vetr upgraded shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price target on the stock in a report on Monday, August 22nd. JPMorgan Chase & Co. set a $17.00 price target on shares of GoPro and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.62.
GoPro (NASDAQ:GPRO) traded up 4.14% during trading on Tuesday, hitting $14.85. 9,059,844 shares of the stock traded hands. The firm’s market cap is $2.07 billion. GoPro has a 12 month low of $8.62 and a 12 month high of $35.00. The firm has a 50-day moving average price of $14.34 and a 200 day moving average price of $12.17.
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GoPro (NASDAQ:GPRO) last posted its earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $220.80 million for the quarter, compared to the consensus estimate of $194.37 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s quarterly revenue was down 47.4% on a year-over-year basis. On average, equities analysts forecast that GoPro will post ($1.06) EPS for the current fiscal year.
In other GoPro news, President Anthony John Bates sold 9,704 shares of the firm’s stock in a transaction on 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 transaction, the president now owns 398,137 shares of the company’s stock, valued at $5,637,619.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael E. Marks sold 40,000 shares of the firm’s stock in a transaction on 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 company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in 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. AQR Capital Management LLC raised its stake in 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 during the last quarter. State Street Corp raised its stake in 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 during the last quarter. Norges Bank acquired a new stake in GoPro during the fourth quarter worth $10,583,000. Finally, First Eagle Investment Management LLC acquired a new stake in GoPro during the second quarter worth $5,297,000. 28.46% of the stock is owned by institutional investors and hedge funds.
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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