Analysts Anticipate GoPro Inc (GPRO) Will Post Quarterly Sales of $340.20 Million

Wall Street analysts predict that GoPro Inc (NASDAQ:GPRO) will report sales of $340.20 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for GoPro’s earnings. The highest sales estimate is $340.61 million and the lowest is $340.00 million. GoPro reported sales of $540.62 million during the same quarter last year, which indicates a negative year-over-year growth rate of 37.1%. The firm is scheduled to issue its next earnings report after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that GoPro will report full year sales of $340.20 million for the current year, with estimates ranging from $1.18 billion to $1.32 billion. For the next year, analysts anticipate that the company will report sales of $1.24 billion per share, with estimates ranging from $1.09 billion to $1.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow GoPro.

GoPro (NASDAQ:GPRO) last issued its earnings results on Wednesday, November 1st. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%.

GPRO has been the subject of a number of recent research reports. Vetr upgraded shares of GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 target price for the company in a research report on Thursday, October 19th. JPMorgan Chase & Co. set a $9.00 target price on shares of GoPro and gave the company a “buy” rating in a research report on Monday, January 8th. Citigroup reduced their target price on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Bank of America increased their target price on shares of GoPro from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.74.

In other news, CEO Nicholas Woodman sold 165,343 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $9.02, for a total value of $1,491,393.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony John Bates sold 17,023 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total transaction of $135,843.54. Following the completion of the transaction, the director now directly owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 704,907 shares of company stock valued at $6,478,800. 28.58% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GPRO. Fuller & Thaler Asset Management Inc. purchased a new position in shares of GoPro in the third quarter valued at approximately $7,495,000. Vanguard Group Inc. boosted its stake in shares of GoPro by 6.7% in the second quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock valued at $57,672,000 after purchasing an additional 444,109 shares during the period. Wells Fargo & Company MN boosted its stake in shares of GoPro by 266.1% in the second quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after purchasing an additional 212,486 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of GoPro by 25.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock valued at $5,926,000 after purchasing an additional 160,745 shares during the period. Finally, State Street Corp boosted its stake in shares of GoPro by 6.7% in the second quarter. State Street Corp now owns 1,914,069 shares of the company’s stock valued at $15,563,000 after purchasing an additional 120,250 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Shares of GoPro (GPRO) traded down $0.07 during midday trading on Friday, hitting $6.27. 2,618,200 shares of the stock were exchanged, compared to its average volume of 10,513,226. The firm has a market capitalization of $919.54, a PE ratio of -3.65 and a beta of 0.53. 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 has a 1-year low of $5.04 and a 1-year high of $11.89.

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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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