Citigroup Inc. reissued their neutral rating on shares of GoPro, Inc. (NASDAQ:GPRO) in a research report report published on Friday morning, The Fly reports. The firm currently has a $10.50 target price on the stock.
Other analysts have also recently issued research reports about the company. Vetr cut GoPro from a strong-buy rating to a buy rating and set a $8.98 target price for the company. in a research report on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a buy rating on shares of GoPro in a research report on Friday, August 4th. Morgan Stanley raised GoPro from an underweight rating to an equal weight rating and set a $7.50 target price for the company in a research report on Monday, July 31st. They noted that the move was a valuation call. Wedbush reaffirmed a hold rating and issued a $9.00 target price on shares of GoPro in a research report on Thursday, June 1st. Finally, Zacks Investment Research cut GoPro from a buy rating to a hold rating in a research report on Tuesday, May 16th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. GoPro presently has a consensus rating of Hold and a consensus price target of $8.75.
GoPro (NASDAQ GPRO) opened at 10.92 on Friday. The company has a 50-day moving average price of $9.12 and a 200 day moving average price of $8.59. GoPro has a 1-year low of $7.14 and a 1-year high of $17.68. The firm’s market capitalization is $1.48 billion.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million during the quarter, compared to analysts’ expectations of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. GoPro’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.52) earnings per share.
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In other news, Director Anthony John Bates sold 25,529 shares of GoPro stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the transaction, the director now directly owns 116,482 shares in the company, valued at $1,184,621.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.69% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Invictus RG bought a new position in shares of GoPro in the first quarter worth about $195,000. Swiss National Bank increased its stake in shares of GoPro by 3.9% in the first quarter. Swiss National Bank now owns 145,600 shares of the company’s stock worth $1,267,000 after purchasing an additional 5,500 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of GoPro by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 455,706 shares of the company’s stock worth $3,965,000 after purchasing an additional 23,697 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of GoPro by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after purchasing an additional 695 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of GoPro by 5.5% in the first quarter. HighTower Advisors LLC now owns 197,832 shares of the company’s stock worth $1,718,000 after purchasing an additional 10,232 shares during the period. Institutional investors and hedge funds own 24.40% of the company’s stock.
GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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