GoPro’s (GPRO) “Outperform” Rating Reiterated at Raymond James Financial Inc.
GoPro Inc. (NASDAQ:GPRO)‘s stock had its “outperform” rating restated by analysts at Raymond James Financial Inc. in a research note issued on Friday.
A number of other research analysts have also weighed in on GPRO. Wedbush lifted their target price on GoPro from $14.50 to $17.50 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of GoPro in a report on Monday, August 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $10.00 target price on shares of GoPro in a report on Thursday, September 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $17.00 target price on shares of GoPro in a report on Friday, June 17th. Finally, Piper Jaffray Cos. set a $9.00 target price on GoPro and gave the company a “sell” rating in a report on Wednesday, September 21st. Two research 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.89.
GoPro (NASDAQ:GPRO) opened at 13.60 on Friday. The company’s market cap is $1.90 billion. GoPro has a one year low of $8.62 and a one year high of $31.33. The company has a 50-day moving average of $15.11 and a 200-day moving average of $12.63.
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GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The business had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was down 47.4% compared to the same quarter last year. Equities research analysts expect that GoPro will post ($1.07) EPS for the current fiscal year.
In related news, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $15.12, for a total transaction of $10,584,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the president now owns 398,137 shares of the company’s stock, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Several institutional investors have recently made changes to their positions in GPRO. Allegis Investment Advisors LLC increased its position in GoPro by 1.8% in the second quarter. Allegis Investment Advisors LLC now owns 23,100 shares of the company’s stock worth $250,000 after buying an additional 400 shares during the period. National Planning Corp increased its position in GoPro by 3.8% in the second quarter. National Planning Corp now owns 12,325 shares of the company’s stock worth $155,000 after buying an additional 450 shares during the period. Amalgamated Bank increased its position in GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock worth $154,000 after buying an additional 482 shares during the period. Suntrust Banks Inc. increased its position in GoPro by 4.4% in the second quarter. Suntrust Banks Inc. now owns 16,583 shares of the company’s stock worth $179,000 after buying an additional 696 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in GoPro by 10.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,490 shares of the company’s stock worth $157,000 after buying an additional 1,319 shares during the period. 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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