Shares of GoPro Inc (NASDAQ:GPRO) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.39.
GPRO has been the subject of a number of research analyst reports. UBS Group upgraded GoPro from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 26th. ValuEngine cut GoPro from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Wedbush reiterated a “neutral” rating and issued a $6.00 price target on shares of GoPro in a research note on Friday, July 27th. Oppenheimer raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a report on Wednesday, September 26th. Finally, Cowen reissued a “hold” rating and issued a $6.00 price objective on shares of GoPro in a report on Friday, August 3rd.
GoPro stock opened at $6.47 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.49 and a quick ratio of 1.15. GoPro has a one year low of $4.42 and a one year high of $10.70. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -6.10 and a beta of 0.21.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, August 2nd. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. The company had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $270.27 million. During the same period last year, the business posted ($0.09) earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that GoPro will post -0.54 earnings per share for the current year.
In other news, CFO Brian Mcgee sold 5,452 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $5.86, for a total value of $31,948.72. Following the transaction, the chief financial officer now directly owns 108,411 shares of the company’s stock, valued at $635,288.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.61% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in GPRO. BlackRock Inc. grew its holdings in GoPro by 9.1% during the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock worth $36,004,000 after acquiring an additional 629,370 shares during the period. Hsbc Holdings PLC grew its holdings in GoPro by 79.7% during the first quarter. Hsbc Holdings PLC now owns 388,027 shares of the company’s stock worth $1,858,000 after acquiring an additional 172,042 shares during the period. BlueMountain Capital Management LLC grew its holdings in GoPro by 168.6% during the second quarter. BlueMountain Capital Management LLC now owns 54,903 shares of the company’s stock worth $354,000 after acquiring an additional 34,460 shares during the period. Trexquant Investment LP acquired a new stake in GoPro during the second quarter worth about $336,000. Finally, Cim Investment Mangement Inc. grew its holdings in GoPro by 80.1% during the second quarter. Cim Investment Mangement Inc. now owns 54,190 shares of the company’s stock worth $349,000 after acquiring an additional 24,105 shares during the period. 30.88% of the stock is currently owned by institutional investors and hedge funds.
GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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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