GoPro Inc. (GPRO) Given a $9.00 Price Target at Piper Jaffray Cos.
GoPro Inc. (NASDAQ:GPRO) has been assigned a $9.00 price target by stock analysts at Piper Jaffray Cos. in a report released on Thursday. The brokerage presently has a a “sell” rating on the stock. Piper Jaffray Cos.’s price target suggests a potential downside of 37.06% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of GoPro in a report on Thursday, July 28th. BlueFin Research reaffirmed an “add” rating on shares of GoPro in a report on Monday, September 26th. JPMorgan Chase & Co. set a $17.00 price objective on shares of GoPro and gave the company a “buy” rating in a report on Thursday, July 21st. Vetr upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $13.42 target price for the company in a research report on Tuesday, August 2nd. Finally, Bank of America Corp. initiated coverage on shares of GoPro in a research report on Friday, September 16th. They issued a “buy” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.94.
GoPro (NASDAQ:GPRO) traded down 4.27% during trading on Thursday, hitting $13.69. 8,228,976 shares of the company were exchanged. The stock’s 50-day moving average is $15.18 and its 200-day moving average is $12.61. GoPro has a 12 month low of $8.62 and a 12 month high of $31.33. The company’s market capitalization is $1.91 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.06. The business had revenue of $220.80 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Equities research analysts anticipate that GoPro will post ($1.07) earnings per share 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 transaction of $137,408.64. Following the completion of the sale, the president now owns 398,137 shares in the company, valued at approximately $5,637,619.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Marks sold 40,000 shares of the business’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 disclosure for this sale can be found here. 28.69% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. SPQ Asia Capital Ltd bought a new stake in shares of GoPro during the fourth quarter valued at $3,962,000. Creative Planning increased its stake in shares of GoPro by 86.7% in the fourth quarter. Creative Planning now owns 310,644 shares of the company’s stock valued at $5,595,000 after buying an additional 144,231 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of GoPro by 3.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 300,000 shares of the company’s stock valued at $5,520,000 after buying an additional 10,000 shares in the last quarter. Capital One National Association increased its stake in shares of GoPro by 46.4% in the fourth quarter. Capital One National Association now owns 169,580 shares of the company’s stock valued at $3,054,000 after buying an additional 53,730 shares in the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of GoPro during the fourth quarter valued at $5,207,000. Institutional investors and hedge funds own 28.46% of the company’s stock.
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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