Today, GoPro Inc. (GPRO) Given Outperform Rating at Raymond James Financial Inc.

Today, GoPro Inc. (GPRO) Given Outperform Rating at Raymond James Financial Inc.

Raymond James Financial Inc. reaffirmed their outperform rating on shares of GoPro Inc. (NASDAQ:GPRO) in a research note released on Friday.

Other research analysts have also recently issued research reports about the company. Oppenheimer Holdings Inc. reiterated a rating on shares of GoPro in a research report on Thursday, July 28th. BlueFin Research reiterated an add rating on shares of GoPro in a research report on Monday, September 26th. JPMorgan Chase & Co. reiterated a buy rating and set a $17.00 price objective on shares of GoPro in a research report on Friday, June 17th. Vetr upgraded GoPro from a hold rating to a buy rating and set a $13.42 price objective on the stock in a research report on Tuesday, August 2nd. Finally, Bank of America Corp. initiated coverage on GoPro in a research report on Friday, September 16th. They set a buy rating and a $19.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. GoPro has a consensus rating of Hold and an average target price of $15.89.

Shares of GoPro (NASDAQ:GPRO) traded up 0.96% on Friday, reaching $13.73. 2,578,900 shares of the company traded hands. GoPro has a one year low of $8.62 and a one year high of $31.33. The firm’s 50 day moving average is $15.11 and its 200 day moving average is $12.63. The company’s market capitalization is $1.91 billion.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.06. The firm had revenue of $220.80 million for the quarter, compared to analysts’ expectations of $194.37 million. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The company’s quarterly revenue was down 47.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. Analysts expect that GoPro will post ($1.07) earnings per share for the current fiscal year.

In other GoPro news, Director Michael E. Marks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $15.58, for a total value of $623,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $10,584,000.00. The disclosure for this sale can be found here. 28.69% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC acquired a new position in shares of GoPro during the first quarter valued at about $1,220,000. Sanders Morris Harris Inc. raised its position in shares of GoPro by 71.4% in the second quarter. Sanders Morris Harris Inc. now owns 40,800 shares of the company’s stock valued at $441,000 after buying an additional 17,000 shares during the period. Seven Eight Capital LLC raised its position in shares of GoPro by 3,754.5% in the first quarter. Seven Eight Capital LLC now owns 11,101 shares of the company’s stock valued at $133,000 after buying an additional 10,813 shares during the period. HBK Investments L P acquired a new position in shares of GoPro during the first quarter valued at about $357,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of GoPro during the second quarter valued at about $910,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

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