Anthony John Bates Sells 25,529 Shares of GoPro, Inc. (GPRO) Stock
GoPro, Inc. (NASDAQ:GPRO) Director Anthony John Bates sold 25,529 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total transaction of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares in the company, valued at $1,184,621.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
GoPro, Inc. (NASDAQ GPRO) traded up 1.50% during mid-day trading on Friday, hitting $10.15. 6,188,009 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $9.02 and a 200 day moving average of $8.59. The stock’s market capitalization is $1.38 billion. GoPro, Inc. has a 52 week low of $7.14 and a 52 week high of $17.68. GoPro also was the target of unusually large options trading activity on Thursday. Stock investors purchased 25,532 call options on the stock. This represents an increase of approximately 611% compared to the typical daily volume of 3,591 call options.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. During the same period in the prior year, the company posted ($0.52) EPS. The company’s revenue was up 34.3% compared to the same quarter last year. Equities analysts forecast that GoPro, Inc. will post ($0.05) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in GoPro by 3.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock valued at $183,000 after purchasing an additional 695 shares during the period. Nomura Holdings Inc. lifted its position in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after purchasing an additional 704 shares during the period. Legal & General Group Plc lifted its position in GoPro by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after purchasing an additional 763 shares during the period. Stifel Financial Corp lifted its position in GoPro by 1.4% during the 2nd quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after purchasing an additional 813 shares during the period. Finally, Nationwide Fund Advisors lifted its position in GoPro by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after purchasing an additional 900 shares during the period. Institutional investors own 24.40% of the company’s stock.
GPRO has been the topic of a number of recent research reports. ValuEngine downgraded shares of GoPro from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Wedbush restated a “hold” rating and issued a $9.00 price target on shares of GoPro in a research report on Thursday, June 1st. Bank of America Corporation restated an “underperform” rating and issued a $7.00 price target (down from $8.00) on shares of GoPro in a research report on Monday, June 5th. Finally, BidaskClub downgraded shares of GoPro from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. GoPro has an average rating of “Hold” and an average price target of $8.72.
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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