GoPro Inc. (GPRO) Given a $9.00 Price Target at Piper Jaffray Cos.
GoPro Inc. (NASDAQ:GPRO) has been given a $9.00 price target by equities researchers at Piper Jaffray Cos. in a research note issued to investors on Thursday. The firm currently has a a “sell” rating on the stock. Piper Jaffray Cos.’s price target points to a potential downside of 37.06% from the company’s previous close.
Several other analysts have also recently commented on GPRO. Bank of America Corp. initiated coverage on shares of GoPro in a research note on Friday, September 16th. They set a “buy” rating and a $19.00 price target on the stock. Dougherty & Co reissued a “hold” rating on shares of GoPro in a research note on Monday, July 18th. Wedbush increased their price target on shares of GoPro from $14.50 to $17.50 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. BlueFin Research reissued an “add” rating on shares of GoPro in a research note on Monday, September 26th. Finally, Vetr raised shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $17.43 price target on the stock in a research note on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.94.
Shares of GoPro (NASDAQ:GPRO) traded down 3.92% during trading on Thursday, hitting $13.74. The stock had a trading volume of 8,314,433 shares. The firm’s 50-day moving average is $15.18 and its 200-day moving average is $12.61. GoPro has a one year low of $8.62 and a one year high of $31.33. The firm’s market cap is $1.92 billion.
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GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The company earned $220.80 million during the quarter, compared to analyst estimates of $194.37 million. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The company’s revenue was down 47.4% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. Equities research analysts forecast that GoPro will post ($1.07) EPS for the current year.
In other news, President Anthony John Bates sold 9,704 shares of the business’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 completion of the transaction, the president now directly owns 398,137 shares in the company, valued at approximately $5,637,619.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $15.12, for a total transaction of $10,584,000.00. The disclosure for this sale can be found here. 28.69% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. MSI Financial Services Inc boosted its position in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of GoPro during the third quarter valued at approximately $595,000. BNP Paribas Arbitrage SA boosted its position in shares of GoPro by 152.2% in the third quarter. BNP Paribas Arbitrage SA now owns 388,344 shares of the company’s stock valued at $6,478,000 after buying an additional 234,352 shares during the last quarter. IFP Advisors Inc boosted its position in shares of GoPro by 20.2% in the second quarter. IFP Advisors Inc now owns 21,721 shares of the company’s stock valued at $235,000 after buying an additional 3,646 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of GoPro by 152.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,321 shares of the company’s stock valued at $3,117,000 after buying an additional 173,950 shares during the last quarter. Institutional investors own 28.46% of the company’s stock.
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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