Vetr Lowers GoPro (GPRO) to Buy

Vetr cut shares of GoPro (NASDAQ:GPRO) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday. They currently have $6.36 price target on the stock.

GPRO has been the subject of several other reports. Morgan Stanley lowered shares of GoPro from an equal weight rating to an underweight rating and cut their target price for the stock from $9.50 to $5.00 in a research report on Tuesday, January 23rd. Dougherty & Co reiterated a sell rating and issued a $4.00 target price (down from $7.00) on shares of GoPro in a research report on Tuesday, January 9th. Citigroup cut their target price on shares of GoPro to $7.00 and set a neutral rating for the company in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of GoPro from a buy rating to a hold rating in a research report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. lowered shares of GoPro from an overweight rating to a neutral rating and cut their target price for the stock from $9.00 to $8.00 in a research report on Friday, February 2nd. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. GoPro has a consensus rating of Hold and an average price target of $7.86.

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GoPro (NASDAQ GPRO) opened at $5.51 on Tuesday. GoPro has a 1 year low of $5.04 and a 1 year high of $11.89. The stock has a market cap of $773.20, a price-to-earnings ratio of -7.25 and a beta of 0.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The company had revenue of $334.80 million during the quarter, compared to analysts’ expectations of $340.19 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was down 38.1% on a year-over-year basis. analysts predict that GoPro will post -0.62 EPS for the current fiscal year.

In other news, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the transaction, the chief financial officer now directly owns 71,958 shares of the company’s stock, valued at $406,562.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.60, for a total transaction of $83,809.60. The disclosure for this sale can be found here. Insiders own 28.58% of the company’s stock.

Large investors have recently modified their holdings of the company. Essex Investment Management Co. LLC bought a new position in shares of GoPro during the third quarter valued at about $122,000. Principal Financial Group Inc. bought a new position in shares of GoPro during the third quarter valued at about $139,000. North Star Investment Management Corp. raised its stake in shares of GoPro by 226.6% during the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after acquiring an additional 11,500 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of GoPro during the third quarter valued at about $266,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of GoPro by 416.1% during the third quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after acquiring an additional 23,508 shares during the last quarter. 25.99% of the stock is owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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