Equities analysts expect GoPro, Inc. (NASDAQ:GPRO) to post earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for GoPro’s earnings, with estimates ranging from ($0.06) to $0.02. GoPro posted earnings of ($0.60) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 93.3%. The firm is scheduled to announce its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that GoPro will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to $0.15. For the next year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.00 to $0.79. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for GoPro.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same quarter in the previous year, the firm earned ($0.52) earnings per share. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Morgan Stanley set a $9.00 target price on GoPro and gave the company a “hold” rating in a research report on Saturday, August 5th. Vetr downgraded GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 target price for the company. in a research report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) raised GoPro from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $6.75 to $10.00 in a report on Tuesday, August 15th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.47.

GoPro (NASDAQ GPRO) traded up 1.66% during mid-day trading on Wednesday, reaching $9.21. 2,642,043 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.59. The stock’s market capitalization is $1.25 billion. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68.

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In other news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the transaction, the director now owns 142,011 shares in the company, valued at $1,205,673.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 28.69% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in GoPro during the fourth quarter valued at approximately $492,000. Financial Architects Inc increased its position in shares of 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 in the last quarter. MUFG Securities EMEA plc increased its position in shares of GoPro by 7,126.6% in the first quarter. MUFG Securities EMEA plc now owns 90,714 shares of the company’s stock worth $789,000 after buying an additional 92,005 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of GoPro by 12.8% in the first quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock worth $906,000 after buying an additional 11,830 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of GoPro by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock worth $4,095,000 after buying an additional 23,641 shares in the last quarter. Hedge funds and other institutional investors own 25.12% of the company’s stock.

GoPro Company Profile

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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