GoPro, Inc. (GPRO) Stock Rating Reaffirmed by Barclays PLC

GoPro, Inc. (NASDAQ:GPRO)‘s stock had its “hold” rating reiterated by investment analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. They currently have a $10.00 price target on the stock. Barclays PLC’s price target would suggest a potential upside of 10.86% from the stock’s current price.

A number of other research firms have also recently weighed in on GPRO. BlueFin Research reissued an “add” rating on shares of GoPro in a research report on Monday, September 26th. Bank of America Corporation reissued a “buy” rating and issued a $19.00 price objective on shares of GoPro in a research report on Wednesday, September 28th. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 27th. Dougherty & Co reissued a “neutral” rating on shares of GoPro in a research report on Wednesday, October 5th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of GoPro in a research report on Friday, September 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.59.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

GoPro (NASDAQ:GPRO) traded up 1.11% during mid-day trading on Wednesday, reaching $9.12. The company’s stock had a trading volume of 2,483,877 shares. The company’s market capitalization is $1.28 billion. GoPro has a one year low of $8.54 and a one year high of $17.68. The stock has a 50-day moving average price of $9.29 and a 200-day moving average price of $12.41.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.25. The business earned $240.57 million during the quarter, compared to analyst estimates 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 for the quarter was down 39.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Equities research analysts forecast that GoPro will post ($1.50) EPS for the current year.

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In related news, President Anthony John Bates sold 7,434 shares of GoPro stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $9.68, for a total value of $71,961.12. Following the sale, the president now directly owns 383,304 shares in the company, valued at approximately $3,710,382.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Mcgee sold 4,497 shares of GoPro 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 completion of the sale, 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. 28.69% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC boosted its stake in GoPro by 0.6% in the third quarter. Cetera Advisor Networks LLC now owns 10,223 shares of the company’s stock valued at $171,000 after buying an additional 65 shares during the last quarter. Principal Financial Group Inc. boosted its stake in GoPro by 1.2% in the third quarter. Principal Financial Group Inc. now owns 13,662 shares of the company’s stock valued at $228,000 after buying an additional 159 shares during the last quarter. National Planning Corp boosted its stake in GoPro by 3.8% in the second quarter. National Planning Corp now owns 12,325 shares of the company’s stock valued at $155,000 after buying an additional 450 shares during the last quarter. Amalgamated Bank boosted its stake in GoPro by 4.6% in the second quarter. Amalgamated Bank now owns 11,030 shares of the company’s stock valued at $154,000 after buying an additional 482 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in GoPro by 6.7% in the third quarter. BlackRock Inc. now owns 26,885 shares of the company’s stock valued at $449,000 after buying an additional 1,698 shares during the last quarter. Institutional investors own 32.63% 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.

5 Day Chart for NASDAQ:GPRO

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