GoPro, Inc. (NASDAQ:GPRO) Receives Average Recommendation of “Hold” from Analysts
GoPro, Inc. (NASDAQ:GPRO) has been given an average rating of “Hold” by the twenty-six brokerages that are presently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.27.
Several research analysts have recently issued reports on GPRO shares. Vetr upgraded GoPro from a “buy” rating to a “strong-buy” rating and set a $9.67 price objective for the company in a research note on Friday, April 14th. Stifel Nicolaus restated a “hold” rating and issued a $9.00 price objective on shares of GoPro in a research note on Saturday, April 29th. Dougherty & Co restated a “sell” rating and issued a $5.00 price objective on shares of GoPro in a research note on Tuesday, April 25th. ValuEngine upgraded GoPro from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th.
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In other news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the sale, the director now directly owns 142,011 shares of the company’s stock, valued at $1,205,673.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.69% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of GoPro by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after buying an additional 695 shares in the last quarter. Stifel Financial Corp raised its position in GoPro by 1.5% in the first quarter. Stifel Financial Corp now owns 58,530 shares of the company’s stock worth $511,000 after buying an additional 865 shares during the period. Financial Architects Inc raised its position in GoPro by 15.2% in the first quarter. Financial Architects Inc now owns 15,200 shares of the company’s stock worth $132,000 after buying an additional 2,000 shares during the period. TIAA CREF Investment Management LLC raised its position in GoPro by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 274,610 shares of the company’s stock worth $2,389,000 after buying an additional 2,347 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in GoPro by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock worth $625,000 after buying an additional 3,061 shares during the period. 25.21% of the stock is currently owned by hedge funds and other institutional investors.
GoPro (GPRO) traded down 0.86% during midday trading on Monday, hitting $8.11. 1,658,142 shares of the stock traded hands. The company has a 50-day moving average of $8.32 and a 200-day moving average of $8.78. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68. The stock’s market cap is $1.17 billion.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, April 27th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.01. GoPro had a negative return on equity of 49.75% and a negative net margin of 34.63%. The firm had revenue of $218.61 million during the quarter, compared to analysts’ expectations of $206.23 million. During the same period last year, the business posted ($0.63) earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts anticipate that GoPro will post ($0.15) earnings per share for the current year.
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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