GoPro, Inc. (NASDAQ:GPRO) has earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.90.

A number of research firms recently commented on GPRO. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. upgraded GoPro from an “underperform” rating to a “market perform” rating in a research report on Friday, August 4th. Cowen and Company restated a “hold” rating and issued a $8.50 price target on shares of GoPro in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) upgraded GoPro from a “sell” rating to a “neutral” rating and lifted their price target for the company from $6.75 to $10.00 in a report on Tuesday, August 15th.

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In other news, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total value of $4,789,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony John Bates sold 25,529 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The disclosure for this sale can be found here. Insiders sold a total of 730,790 shares of company stock valued at $6,814,622 over the last quarter. Company insiders own 28.58% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GPRO. Fuller & Thaler Asset Management Inc. bought a new stake in shares of GoPro in the 3rd quarter valued at approximately $7,495,000. Vanguard Group Inc. grew its stake in GoPro by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock worth $57,672,000 after buying an additional 444,109 shares during the last quarter. Capital Fund Management S.A. grew its stake in GoPro by 338.7% during the 2nd quarter. Capital Fund Management S.A. now owns 456,870 shares of the company’s stock worth $3,714,000 after buying an additional 352,740 shares during the last quarter. Wells Fargo & Company MN grew its stake in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after buying an additional 212,486 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in GoPro by 1,324.2% during the 2nd quarter. Engineers Gate Manager LP now owns 193,688 shares of the company’s stock worth $1,575,000 after buying an additional 180,088 shares during the last quarter. Institutional investors and hedge funds own 22.04% of the company’s stock.

GoPro (GPRO) traded up $0.02 during trading on Friday, reaching $8.29. The company had a trading volume of 3,012,474 shares, compared to its average volume of 5,607,753. GoPro has a 1 year low of $7.14 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.

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)

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