GoPro Inc. (GPRO) Given a $15.00 Price Target at FBN Securities
A number of other research firms have also weighed in on GPRO. Bank of America Corp. initiated coverage on GoPro in a research note on Friday. They issued a buy rating and a $19.00 target price for the company. Dougherty & Co reissued a hold rating on shares of GoPro in a research note on Monday, July 18th. Vetr raised GoPro from a buy rating to a strong-buy rating and set a $17.43 target price for the company in a research note on Monday, August 22nd. JPMorgan Chase & Co. set a $17.00 target price on GoPro and gave the company a buy rating in a research note on Thursday, July 21st. Finally, Oppenheimer Holdings Inc. reissued a market perform rating on shares of GoPro in a research note on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $15.49.
GoPro (NASDAQ:GPRO) opened at 15.51 on Monday. The stock’s 50 day moving average price is $14.31 and its 200-day moving average price is $12.17. GoPro has a 12 month low of $8.62 and a 12 month high of $35.00. The company’s market capitalization is $2.16 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.06. GoPro had a negative return on equity of 27.52% and a negative net margin of 17.31%. The firm earned $220.80 million during the quarter, compared to analysts’ expectations of $194.37 million. During the same period in the prior year, the business earned $0.35 EPS. The company’s revenue for the quarter was down 47.4% compared to the same quarter last year. On average, equities research analysts predict that GoPro will post ($1.06) EPS for the current fiscal year.
In other news, Director Michael E. Marks sold 40,000 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $15.58, for a total transaction of $623,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $14.16, for a total value of $137,408.64. Following the transaction, the president now directly owns 398,137 shares in the company, valued at $5,637,619.92. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new position in GoPro during the second quarter valued at $100,000. Emerald Acquisition Ltd. bought a new position in shares of GoPro during the second quarter worth approximately $111,000. Penserra Capital Management LLC boosted its position in shares of GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock worth $114,000 after buying an additional 3,164 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of GoPro during the first quarter worth approximately $117,000. Finally, Marathon Trading Investment Management LLC boosted its position in shares of GoPro by 114.1% in the first quarter. Marathon Trading Investment Management LLC now owns 10,000 shares of the company’s stock worth $120,000 after buying an additional 80,800 shares in the last quarter. 28.46% of the stock is currently owned by hedge funds and other institutional investors.
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.
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