Vetr upgraded shares of GoPro Inc. (NASDAQ:GPRO) from a buy rating to a strong-buy rating in a research note released on Thursday morning. They currently have $12.51 target price on the stock.
Other equities analysts also recently issued reports about the stock. Dougherty & Co restated a neutral rating on shares of GoPro in a research note on Wednesday, November 2nd. Piper Jaffray Cos. set a $6.50 price objective on shares of GoPro and gave the stock a sell rating in a research note on Thursday, July 28th. Barclays PLC restated an equal weight rating and set a $12.00 price objective on shares of GoPro in a research note on Thursday, July 28th. Raymond James Financial Inc. downgraded shares of GoPro from an outperform rating to a market perform rating in a research note on Wednesday, November 9th. Finally, Hilliard Lyons downgraded shares of GoPro to a neutral rating in a research note on Thursday, November 10th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $13.40.
GoPro (NASDAQ:GPRO) opened at 9.81 on Thursday. The company’s market capitalization is $1.38 billion. The company’s 50-day moving average price is $12.22 and its 200 day moving average price is $12.59. GoPro has a 52 week low of $8.62 and a 52 week high of $20.60.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. GoPro had a negative return on equity of 49.53% and a negative net margin of 31.23%. The business had revenue of $240.57 million for the quarter, compared to analyst estimates of $315.89 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s quarterly revenue was down 39.9% on a year-over-year basis. On average, analysts predict that GoPro will post ($1.48) EPS for the current year.
In other news, 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 transaction of $46,409.04. Following the transaction, the chief financial officer now owns 51,250 shares in the company, valued at $528,900. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 owns 398,137 shares in the company, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
Several institutional investors have recently modified their holdings of GPRO. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of GoPro during the third quarter worth approximately $109,000. MSI Financial Services Inc raised its position in 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 last quarter. NEXT Financial Group Inc raised its position in GoPro by 73.5% in the third quarter. NEXT Financial Group Inc now owns 7,175 shares of the company’s stock valued at $120,000 after buying an additional 3,040 shares during the last quarter. Advisor Group Inc. purchased a new position in GoPro during the second quarter valued at about $100,000. Finally, BlueMountain Capital Management LLC purchased a new position in GoPro during the first quarter valued at about $117,000. Institutional investors own 32.87% of the company’s stock.
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.