GoPro, Inc. (NASDAQ:GPRO) has earned a consensus rating of “Hold” from the twenty-two research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.75.

GPRO has been the subject of several analyst reports. Vetr raised shares of GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price target for the company in a report on Thursday, October 19th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $13.00 price target on shares of GoPro in a report on Saturday, August 26th. Morgan Stanley raised their price target on shares of GoPro from $8.50 to $9.50 and gave the company an “equal weight” rating in a report on Friday, September 8th. Citigroup cut their price target on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Finally, BidaskClub downgraded shares of GoPro from a “hold” rating to a “sell” rating in a report on Saturday, August 19th.

Shares of GoPro (NASDAQ GPRO) traded down $0.15 during trading hours on Thursday, reaching $7.84. 4,360,000 shares of the company’s stock traded hands, compared to its average volume of 4,120,000. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. GoPro has a 1 year low of $7.14 and a 1 year high of $11.89.

In other news, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $9.30, for a total transaction of $4,789,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total transaction of $62,062.43. Following the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The disclosure for this sale can be found here. Insiders have sold a total of 704,907 shares of company stock valued at $6,478,800 over the last ninety days. 28.58% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC purchased a new position in GoPro in the 3rd quarter worth $122,000. Principal Financial Group Inc. purchased a new position in GoPro in the 3rd quarter worth $139,000. Nomura Holdings Inc. raised its position in GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after purchasing an additional 704 shares during the period. Amalgamated Bank raised its position in GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after purchasing an additional 1,858 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in GoPro in the 3rd quarter worth $266,000. 26.09% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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