GoPro, Inc. (NASDAQ:GPRO) – Investment analysts at Wedbush increased their Q3 2017 earnings per share (EPS) estimates for GoPro in a report released on Thursday. Wedbush analyst M. Pachter now anticipates that the company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.05). Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for GoPro’s FY2017 earnings at ($0.42) EPS.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.52) EPS.

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Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Bank of America Corporation reiterated an “underperform” rating and issued a $7.00 price objective (down from $8.00) on shares of GoPro in a research report on Monday, June 5th. J P Morgan Chase & Co boosted their price objective on shares of GoPro from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Vetr lowered shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 price objective on the stock. in a research report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.75.

GoPro (NASDAQ:GPRO) opened at 10.26 on Monday. GoPro has a 52-week low of $7.14 and a 52-week high of $17.68. The firm’s 50-day moving average is $9.08 and its 200-day moving average is $8.61. The firm’s market capitalization is $1.39 billion.

Several institutional investors have recently added to or reduced their stakes in GPRO. Capital Fund Management S.A. boosted its stake in shares of GoPro by 12.8% during the 1st quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock valued at $906,000 after buying an additional 11,830 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GoPro by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock valued at $4,095,000 after buying an additional 23,641 shares during the last quarter. Swiss National Bank boosted its stake in shares of GoPro by 3.9% during the 1st quarter. Swiss National Bank now owns 145,600 shares of the company’s stock valued at $1,267,000 after buying an additional 5,500 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of GoPro by 33.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 52,076 shares of the company’s stock valued at $453,000 after buying an additional 13,106 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of GoPro during the 1st quarter valued at approximately $118,000. Institutional investors own 24.40% of the company’s stock.

In other GoPro news, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares in the company, valued at approximately $1,184,621.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 28.69% of the stock is currently owned by insiders.

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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