Other analysts also recently issued reports about the company. Zacks Investment Research downgraded G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. Longbow Research restated a hold rating on shares of GoPro in a research note on Tuesday, April 9th. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on Vonovia and gave the company a buy rating in a research note on Friday, May 10th. ValuEngine downgraded WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. Finally, Wedbush set a $38.00 target price on Obseva and gave the company a buy rating in a research note on Friday, May 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $7.44.
Shares of NASDAQ GPRO opened at $5.48 on Thursday. GoPro has a 12-month low of $4.00 and a 12-month high of $7.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a fifty day moving average of $5.95.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. The firm had revenue of $243.00 million during the quarter, compared to the consensus estimate of $234.41 million. During the same period in the prior year, the firm earned ($0.34) EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts forecast that GoPro will post 0.15 earnings per share for the current year.
In related news, CEO Nicholas Woodman sold 550,845 shares of GoPro stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $6.02, for a total value of $3,316,086.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tyrone Ahmad-Taylor sold 8,378 shares of GoPro stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.43, for a total value of $53,870.54. Following the completion of the transaction, the director now owns 4,189 shares of the company’s stock, valued at $26,935.27. The disclosure for this sale can be found here. Insiders have sold 3,723,544 shares of company stock valued at $22,623,289 over the last 90 days. Insiders own 22.34% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of GoPro by 46.1% during the 4th quarter. Rhumbline Advisers now owns 151,387 shares of the company’s stock worth $642,000 after buying an additional 47,755 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of GoPro by 55.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock worth $69,000 after buying an additional 5,829 shares in the last quarter. California Public Employees Retirement System grew its position in shares of GoPro by 83.5% during the 4th quarter. California Public Employees Retirement System now owns 357,258 shares of the company’s stock worth $1,515,000 after buying an additional 162,613 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of GoPro by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 443,666 shares of the company’s stock worth $1,882,000 after buying an additional 28,452 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of GoPro during the 4th quarter worth $47,000. Institutional investors and hedge funds own 47.83% of the company’s stock.
GoPro Company Profile
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
Further Reading: Support Level
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