GoPro Inc. (NASDAQ:GPRO) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage presently has a $12.51 price target on the stock. Vetr‘s price objective points to a potential upside of 26.62% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. restated a “” rating on shares of GoPro in a report on Thursday, July 28th. BlueFin Research restated an “add” rating on shares of GoPro in a report on Monday, September 26th. Bank of America Corp. started coverage on GoPro in a report on Friday, September 16th. They set a “buy” rating and a $19.00 target price for the company. Zacks Investment Research upgraded GoPro from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, September 27th. Finally, Wedbush set a $12.00 price objective on GoPro and gave the stock a “buy” rating in a report on Sunday, November 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. GoPro presently has an average rating of “Hold” and an average target price of $13.47.
Shares of GoPro (NASDAQ:GPRO) remained flat at $9.88 on Thursday. 2,293,932 shares of the company traded hands. GoPro has a 1-year low of $8.62 and a 1-year high of $20.94. The stock has a 50 day moving average of $12.73 and a 200 day moving average of $12.54. The stock’s market capitalization is $1.39 billion.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, November 3rd. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.25. The company had revenue of $240.57 million for the quarter, compared to analysts’ expectations of $315.89 million. GoPro had a negative net margin of 31.23% and a negative return on equity of 49.53%. The company’s revenue was down 39.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, analysts expect that GoPro will post ($1.48) earnings per share for the current year.
In related news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the transaction, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mcgee sold 4,497 shares of GoPro stock in a transaction on Monday, November 14th. The shares were sold at an average price of $10.32, for a total value of $46,409.04. Following the transaction, the chief financial officer now owns 51,250 shares in the company, valued at $528,900. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock valued at $26,630,000 after buying an additional 1,826,461 shares during the period. AQR Capital Management LLC increased its position in shares of GoPro by 60.1% in the second quarter. AQR Capital Management LLC now owns 3,170,390 shares of the company’s stock valued at $34,272,000 after buying an additional 1,190,470 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of GoPro by 1,869.6% in the third quarter. Ameriprise Financial Inc. now owns 831,346 shares of the company’s stock valued at $13,867,000 after buying an additional 789,138 shares during the last quarter. Teachers Advisors LLC increased its position in shares of GoPro by 234.8% in the third quarter. Teachers Advisors LLC now owns 1,091,694 shares of the company’s stock valued at $18,209,000 after buying an additional 765,645 shares during the last quarter. Finally, State Street Corp increased its position in shares of GoPro by 65.5% in the second quarter. State Street Corp now owns 1,689,682 shares of the company’s stock valued at $18,266,000 after buying an additional 668,942 shares during the last quarter. Institutional investors own 30.64% of the company’s stock.
GoPro Company Profile
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.