GoPro Inc. (GPRO) Rating Reiterated by Dougherty & Co
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “neutral” rating reiterated by equities researchers at Dougherty & Co in a report issued on Wednesday.
GPRO has been the topic of several other reports. Piper Jaffray Cos. set a $6.50 price objective on GoPro and gave the stock a “sell” rating in a report on Thursday, July 28th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of GoPro in a report on Tuesday, September 13th. JPMorgan Chase & Co. set a $17.00 price objective on GoPro and gave the stock a “buy” rating in a report on Thursday, July 21st. Longbow Research began coverage on GoPro in a report on Tuesday, June 14th. They set a “neutral” rating and a $11.88 price objective on the stock. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $19.00 price objective on shares of GoPro in a report on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.94.
GoPro (NASDAQ:GPRO) traded down 2.68% during mid-day trading on Wednesday, reaching $16.34. 5,574,972 shares of the company traded hands. GoPro has a 12-month low of $8.62 and a 12-month high of $31.33. The firm’s market capitalization is $2.28 billion. The company’s 50 day moving average price is $15.20 and its 200 day moving average price is $12.55.
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GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.06. The company had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm’s revenue was down 47.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. Equities research analysts predict that GoPro will post ($1.07) EPS for the current year.
In other GoPro news, Director Michael E. Marks sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anthony John Bates sold 9,704 shares of the company’s stock in a transaction that occurred 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 sale, the president now directly owns 398,137 shares of the company’s stock, valued at $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Americafirst Capital Management LLC bought a new stake in GoPro during the second quarter valued at approximately $556,000. BlueMountain Capital Management LLC bought a new stake in GoPro during the first quarter valued at approximately $117,000. Seven Eight Capital LLC increased its stake in GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares in the last quarter. Marathon Trading Investment Management LLC increased its stake in GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock valued at $120,000 after buying an additional 80,800 shares in the last quarter. Finally, HBK Investments L P bought a new stake in GoPro during the first quarter valued at approximately $357,000. 28.46% of the stock is owned by hedge funds and other 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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