GoPro, Inc. (NASDAQ:GPRO) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.37-0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57.

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

A number of research firms recently issued reports on GPRO. Vetr downgraded GoPro from a buy rating to a hold rating and set a $11.84 target price on the stock. in a research report on Monday, September 18th. BidaskClub raised GoPro from a strong sell rating to a sell rating in a research report on Thursday, August 3rd. Wedbush reaffirmed a neutral rating on shares of GoPro in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of GoPro in a research report on Wednesday, August 9th. Finally, Dougherty & Co reaffirmed a sell rating and issued a $5.00 target price on shares of GoPro in a research report on Wednesday, July 5th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $9.70.

In related news, COO Charles J. Prober sold 24,918 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $11.00, for a total value of $274,098.00. Following the transaction, the chief operating officer now owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of the firm’s stock in a transaction dated 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 directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. Insiders have sold a total of 51,344 shares of company stock worth $542,205 in the last three months. Insiders own 28.58% of the company’s stock.

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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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