GoPro, Inc. (NASDAQ:GPRO) had its price objective upped by analysts at Bank of America Corp from $8.00 to $9.00 in a research note issued on Tuesday. The brokerage presently has an “underperform” rating on the stock. Bank of America Corp’s target price would indicate a potential downside of 13.71% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) raised GoPro from a “sell” rating to a “neutral” rating and raised their price target for the company from $6.75 to $10.00 in a research report on Tuesday, August 15th. Vetr downgraded GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price target on the stock. in a research report on Monday, August 7th. J P Morgan Chase & Co raised their price target on GoPro from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $10.50 price target on shares of GoPro in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. GoPro has an average rating of “Hold” and an average target price of $9.70.

GoPro (GPRO) traded up 0.87% on Tuesday, hitting $10.43. The company had a trading volume of 6,391,550 shares. The stock’s market cap is $1.41 billion. The firm’s 50 day moving average price is $10.36 and its 200 day moving average price is $9.07. GoPro has a 12-month low of $7.14 and a 12-month high of $13.09.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. The company had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business posted ($0.52) earnings per share. Equities analysts predict that GoPro will post $0.04 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “GoPro, Inc. (GPRO) Price Target Increased to $9.00 by Analysts at Bank of America Corp” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/31/gopro-inc-gpro-price-target-increased-to-9-00-by-analysts-at-bank-of-america-corp.html.

In other news, COO Charles J. Prober sold 24,918 shares of GoPro stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $11.00, for a total value of $274,098.00. Following the completion of the transaction, the chief operating officer now owns 148,493 shares in the company, valued at $1,633,423. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of GoPro stock in a transaction that occurred on Thursday, September 7th. The shares were 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 of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,344 shares of company stock valued at $542,205. Corporate insiders own 28.58% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Nomura Holdings Inc. raised its stake in shares of GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after acquiring an additional 704 shares during the last quarter. Legal & General Group Plc raised its stake in shares of GoPro by 2.3% in the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after acquiring an additional 763 shares during the last quarter. Stifel Financial Corp raised its stake in shares of GoPro by 1.4% in the second quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after acquiring an additional 813 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of GoPro by 0.8% in the second quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after acquiring an additional 900 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of GoPro by 14.6% in the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after acquiring an additional 1,858 shares during the last quarter. Institutional investors own 24.26% 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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.