GoPro, Inc. (GPRO) Receives “Hold” Rating from Barclays PLC
GoPro, Inc. (NASDAQ:GPRO)‘s stock had its “hold” rating restated by stock analysts at Barclays PLC in a note issued to investors on Wednesday. They currently have a $10.00 price target on the stock. Barclays PLC’s price target indicates a potential upside of 10.86% from the stock’s previous close.
Several other brokerages have also issued reports on GPRO. Wedbush lifted their price target on GoPro from $14.50 to $17.50 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Robert W. Baird reiterated a “neutral” rating and set a $10.00 price target on shares of GoPro in a report on Thursday, September 22nd. Raymond James Financial, Inc. restated an “outperform” rating and issued a $13.00 target price (down from $16.00) on shares of GoPro in a report on Monday, November 7th. Dougherty & Co restated a “sell” rating and issued a $6.00 target price on shares of GoPro in a report on Tuesday, December 13th. Finally, Piper Jaffray Companies set a $9.00 target price on GoPro and gave the stock a “sell” rating in a report on Wednesday, September 21st. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.59.
Shares of GoPro (NASDAQ:GPRO) traded up 1.11% during mid-day trading on Wednesday, reaching $9.12. 2,487,378 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $9.29 and a 200-day moving average price of $12.41. GoPro has a 1-year low of $8.54 and a 1-year high of $17.68. The company’s market capitalization is $1.28 billion.
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GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.25. The firm had revenue of $240.57 million for the quarter, compared to analyst estimates of $315.89 million. GoPro had a negative net margin of 31.23% and a negative return on equity of 49.53%. The firm’s quarterly revenue was down 39.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. On average, equities research analysts forecast that GoPro will post ($1.50) earnings per share for the current fiscal year.
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In other news, President Anthony John Bates sold 23,598 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $9.62, for a total transaction of $227,012.76. Following the transaction, the president now owns 352,272 shares of the company’s stock, valued at $3,388,856.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Mcgee sold 4,497 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $10.32, for a total value of $46,409.04. Following the completion of the sale, the chief financial officer now owns 51,250 shares of the company’s stock, valued at approximately $528,900. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new stake in GoPro during the third quarter worth approximately $837,000. Price T Rowe Associates Inc. MD increased its stake in GoPro by 50.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 38,915 shares of the company’s stock worth $649,000 after buying an additional 13,000 shares in the last quarter. LPL Financial LLC increased its stake in GoPro by 5.9% in the third quarter. LPL Financial LLC now owns 68,702 shares of the company’s stock worth $1,160,000 after buying an additional 3,831 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in GoPro by 0.6% in the third quarter. Cetera Advisor Networks LLC now owns 10,223 shares of the company’s stock worth $171,000 after buying an additional 65 shares in the last quarter. Finally, Doheny Asset Management CA bought a new stake in GoPro during the third quarter worth approximately $904,000. Institutional investors and hedge funds own 32.63% 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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