Shares of GoPro Inc (NASDAQ:GPRO) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $7.44.
GPRO has been the topic of several analyst reports. Longbow Research reiterated a “hold” rating on shares of GoPro in a research note on Tuesday, April 9th. Zacks Investment Research downgraded G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on Vonovia and gave the stock a “buy” rating in a report on Friday, May 10th. Wedbush set a $38.00 price target on Obseva and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th.
GPRO traded down $0.06 on Friday, hitting $5.51. The company had a trading volume of 189,670 shares, compared to its average volume of 2,985,364. The company has a fifty day simple moving average of $5.98. GoPro has a 12-month low of $4.00 and a 12-month high of $7.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market cap of $846.39 million, a PE ratio of -11.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.42.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. The company had revenue of $243.00 million for the quarter, compared to analyst estimates of $234.41 million. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts forecast that GoPro will post 0.15 earnings per share for the current fiscal year.
In related news, CEO Nicholas Woodman sold 700,000 shares of GoPro stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.34, for a total transaction of $3,738,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sandor Barna sold 21,642 shares of GoPro stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total value of $162,098.58. Following the sale, the senior vice president now directly owns 189,223 shares of the company’s stock, valued at approximately $1,417,280.27. The disclosure for this sale can be found here. Insiders have sold 3,723,544 shares of company stock valued at $22,623,289 in the last ninety days. Corporate insiders own 22.34% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC lifted its stake in GoPro by 90.5% during the 1st quarter. Spark Investment Management LLC now owns 2,383,800 shares of the company’s stock worth $15,494,000 after acquiring an additional 1,132,700 shares in the last quarter. Northern Trust Corp lifted its position in GoPro by 1.5% in the 4th quarter. Northern Trust Corp now owns 1,420,543 shares of the company’s stock valued at $6,024,000 after acquiring an additional 20,463 shares in the last quarter. UBS Oconnor LLC lifted its position in GoPro by 1,186.5% in the 4th quarter. UBS Oconnor LLC now owns 995,872 shares of the company’s stock valued at $4,222,000 after acquiring an additional 918,460 shares in the last quarter. Bank of New York Mellon Corp lifted its position in GoPro by 6.9% in the 4th quarter. Bank of New York Mellon Corp now owns 443,666 shares of the company’s stock valued at $1,882,000 after acquiring an additional 28,452 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in GoPro by 10.3% in the 1st quarter. California Public Employees Retirement System now owns 393,901 shares of the company’s stock valued at $2,560,000 after acquiring an additional 36,643 shares in the last quarter. 47.83% of the stock is owned by hedge funds and other institutional investors.
GoPro Company Profile
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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