Vetr downgraded shares of GoPro Inc. (NASDAQ:GPRO) from a strong-buy rating to a buy rating in a report published on Monday. Vetr currently has $10.96 price target on the stock.
Other equities analysts also recently issued research reports about the company. Bank of America Corp. began coverage on GoPro in a research report on Friday, September 16th. They set a buy rating and a $19.00 target price on the stock. Wedbush boosted their target price on GoPro from $14.50 to $17.50 and gave the company an outperform rating in a research report on Tuesday, September 20th. BlueFin Research reissued an add rating on shares of GoPro in a research report on Monday, September 26th. Zacks Investment Research raised GoPro from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Tuesday, September 27th. Finally, Raymond James Financial Inc. reissued an outperform rating on shares of GoPro in a research report on Friday, October 14th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $13.40.
GoPro (NASDAQ:GPRO) opened at 9.81 on Monday. The firm’s 50-day moving average price is $12.22 and its 200 day moving average price is $12.59. GoPro has a 12 month low of $8.62 and a 12 month high of $20.60. The stock’s market cap is $1.38 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.25. The firm had revenue of $240.57 million for the quarter, compared to analysts’ expectations of $315.89 million. GoPro had a negative return on equity of 49.53% and a negative net margin of 31.23%. The firm’s revenue was down 39.9% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, analysts anticipate that GoPro will post ($1.48) earnings per share for the current year.
In other news, CFO Brian Mcgee sold 4,497 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $10.32, for a total value of $46,409.04. Following the transaction, the chief financial officer now directly owns 51,250 shares of the company’s stock, valued at $528,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the completion of the transaction, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The disclosure for this sale can be found here. 28.69% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of GoPro by 286.7% in the second quarter. BlackRock Fund Advisors now owns 2,463,419 shares of the company’s stock worth $26,630,000 after buying an additional 1,826,461 shares in the last quarter. AQR Capital Management LLC raised its stake in 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 period. Ameriprise Financial Inc. raised its stake in 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 period. Teachers Advisors LLC raised its stake in 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 period. Finally, State Street Corp raised its stake in 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 period. 32.87% of the stock is currently owned by institutional investors and hedge funds.
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.