GoPro Inc (NASDAQ:GPRO) CFO Brian Mcgee sold 2,453 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $4.46, for a total value of $10,940.38. Following the completion of the sale, the chief financial officer now directly owns 153,870 shares of the company’s stock, valued at $686,260.20. The sale was disclosed in a filing with the SEC, which is available at this link.
Brian Mcgee also recently made the following trade(s):
- On Tuesday, September 3rd, Brian Mcgee sold 5,451 shares of GoPro stock. The stock was sold at an average price of $3.83, for a total value of $20,877.33.
GPRO stock traded down $0.09 during mid-day trading on Friday, hitting $4.59. The stock had a trading volume of 4,095,900 shares, compared to its average volume of 4,970,853. The company has a fifty day moving average of $4.19 and a 200 day moving average of $5.06. The company has a current ratio of 1.33, a quick ratio of 1.14 and a debt-to-equity ratio of 1.59. GoPro Inc has a 1-year low of $3.25 and a 1-year high of $7.64. The stock has a market capitalization of $710.48 million, a price-to-earnings ratio of -9.98, a PEG ratio of 5.76 and a beta of 0.86.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.06. The company had revenue of $131.00 million during the quarter, compared to the consensus estimate of $126.36 million. GoPro had a negative return on equity of 32.29% and a negative net margin of 7.55%. The company’s quarterly revenue was down 54.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. As a group, sell-side analysts expect that GoPro Inc will post 0.08 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded GoPro from a “hold” rating to a “strong sell” rating and set a $3.50 price objective for the company. in a research note on Friday, October 4th. Morgan Stanley dropped their target price on GoPro from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, October 3rd. Oppenheimer dropped their target price on GoPro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. BidaskClub raised GoPro from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of GoPro by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,876,643 shares of the company’s stock worth $59,386,000 after buying an additional 383,646 shares during the period. BlackRock Inc. lifted its position in shares of GoPro by 4.9% during the 2nd quarter. BlackRock Inc. now owns 8,358,615 shares of the company’s stock worth $45,639,000 after buying an additional 389,072 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of GoPro by 116.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 7,619,587 shares of the company’s stock worth $41,603,000 after buying an additional 4,100,719 shares during the period. Marshall Wace LLP lifted its position in shares of GoPro by 3,479.7% during the 2nd quarter. Marshall Wace LLP now owns 1,555,879 shares of the company’s stock worth $8,495,000 after buying an additional 1,512,415 shares during the period. Finally, Northern Trust Corp lifted its position in shares of GoPro by 2.0% during the 2nd quarter. Northern Trust Corp now owns 1,448,301 shares of the company’s stock worth $7,907,000 after buying an additional 27,969 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.
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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