Shares of GoPro Inc (NASDAQ:GPRO) were down 5.7% during trading on Friday . The company traded as low as $3.95 and last traded at $3.96, approximately 3,030,708 shares changed hands during trading. A decline of 27% from the average daily volume of 4,149,483 shares. The stock had previously closed at $4.20.
A number of analysts have recently commented on GPRO shares. BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a research note on Friday, July 19th. Zacks Investment Research raised GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price target on the stock in a research note on Thursday, May 16th. ValuEngine lowered GoPro from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Wedbush cut their price target on GoPro from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Morgan Stanley set a $5.00 price target on GoPro and gave the company a “sell” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.29.
The company has a fifty day moving average price of $4.85 and a 200 day moving average price of $5.87. The stock has a market cap of $622.65 million, a P/E ratio of -8.61, a P/E/G ratio of 3.38 and a beta of 0.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.14.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. GoPro had a negative return on equity of 2.69% and a negative net margin of 2.59%. The business had revenue of $292.43 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. GoPro’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that GoPro Inc will post 0.12 earnings per share for the current fiscal year.
In related news, CEO Nicholas Woodman sold 700,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $5.48, for a total transaction of $3,836,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,804,189 shares of company stock valued at $17,084,222 in the last quarter. 22.34% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in GoPro by 9.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,863 shares of the company’s stock worth $149,000 after purchasing an additional 2,021 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in GoPro by 11.5% in the first quarter. VisionPoint Advisory Group LLC now owns 29,150 shares of the company’s stock worth $189,000 after purchasing an additional 3,000 shares during the last quarter. Penserra Capital Management LLC boosted its position in GoPro by 50.0% in the first quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after purchasing an additional 3,062 shares during the last quarter. Versant Capital Management Inc boosted its position in GoPro by 21.1% in the second quarter. Versant Capital Management Inc now owns 25,189 shares of the company’s stock worth $137,000 after purchasing an additional 4,396 shares during the last quarter. Finally, Swiss National Bank boosted its position in GoPro by 2.4% in the second quarter. Swiss National Bank now owns 212,800 shares of the company’s stock worth $1,162,000 after purchasing an additional 4,900 shares during the last quarter. 45.81% of the stock is currently owned by institutional investors and hedge funds.
About GoPro (NASDAQ:GPRO)
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.
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