The GoPro Inc. (GPRO) Given a $9.00 Price Target at Piper Jaffray Cos.

The GoPro Inc. (GPRO) Given a $9.00 Price Target at Piper Jaffray Cos.

Piper Jaffray Cos. set a $9.00 price objective on GoPro Inc. (NASDAQ:GPRO) in a research report report published on Thursday. The brokerage currently has a a sell rating on the stock.

A number of other equities research analysts have also issued reports on GPRO. Dougherty & Co reaffirmed a neutral rating on shares of GoPro in a research report on Wednesday, October 5th. Zacks Investment Research cut shares of GoPro from a buy rating to a hold rating in a research report on Monday, October 3rd. Bank of America Corp. reaffirmed a buy rating and issued a $19.00 target price on shares of GoPro in a research report on Wednesday, September 28th. BlueFin Research reaffirmed an add rating on shares of GoPro in a research report on Monday, September 26th. Finally, Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of GoPro in a research report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $15.94.

GoPro (NASDAQ:GPRO) traded down 0.87% during midday trading on Thursday, reaching $13.72. The company had a trading volume of 3,726,529 shares. GoPro has a one year low of $8.62 and a one year high of $31.33. The firm’s market capitalization is $1.91 billion. The stock’s 50 day moving average price is $15.15 and its 200-day moving average price is $12.61.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.06. The business had revenue of $220.80 million for the quarter, compared to analyst estimates of $194.37 million. GoPro had a negative net margin of 17.31% and a negative return on equity of 27.52%. The company’s revenue was down 47.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that GoPro will post ($1.07) earnings per share for the current year.

In related news, Director Edward A. Gilhuly sold 700,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $15.12, for a total transaction of $10,584,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $15.58, for a total transaction of $623,200.00. The disclosure for this sale can be found here. Corporate insiders own 28.69% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GPRO. MSI Financial Services Inc raised its stake in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares during the period. Prospera Financial Services Inc purchased a new position in shares of GoPro during the third quarter valued at $595,000. BNP Paribas Arbitrage SA increased its position in shares of GoPro by 152.2% in the third quarter. BNP Paribas Arbitrage SA now owns 388,344 shares of the company’s stock valued at $6,478,000 after buying an additional 234,352 shares in the last quarter. IFP Advisors Inc increased its position in shares of GoPro by 20.2% in the second quarter. IFP Advisors Inc now owns 21,721 shares of the company’s stock valued at $235,000 after buying an additional 3,646 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of GoPro by 152.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,321 shares of the company’s stock valued at $3,117,000 after buying an additional 173,950 shares in the last quarter. Institutional investors own 28.46% of the company’s stock.

About GoPro

Related posts

Leave a Comment