FY2017 EPS Estimates for GoPro Inc (GPRO) Cut by Dougherty & Co
GoPro Inc (NASDAQ:GPRO) – Dougherty & Co cut their FY2017 earnings per share (EPS) estimates for GoPro in a report issued on Wednesday. Dougherty & Co analyst C. Anderson now expects that the company will post earnings per share of ($0.98) for the year, down from their prior estimate of ($0.33). Dougherty & Co has a “Sell” rating and a $4.00 price target on the stock. Dougherty & Co also issued estimates for GoPro’s Q4 2017 earnings at ($0.33) EPS.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%.
GoPro (NASDAQ:GPRO) opened at $6.23 on Monday. The company has a market cap of $909.32, a PE ratio of -3.62 and a beta of 0.53. GoPro has a 12-month low of $5.04 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.
In related news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the transaction, the director now directly owns 99,459 shares in the company, valued at $793,682.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas Woodman sold 165,343 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $9.02, for a total transaction of $1,491,393.86. The disclosure for this sale can be found here. Insiders have sold 704,907 shares of company stock worth $6,478,800 over the last quarter. 28.58% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in GPRO. Fuller & Thaler Asset Management Inc. acquired a new position in GoPro in the third quarter valued at approximately $7,495,000. Vanguard Group Inc. lifted its holdings in GoPro by 6.7% in the second quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock valued at $57,672,000 after buying an additional 444,109 shares during the period. Wells Fargo & Company MN lifted its holdings in GoPro by 266.1% in the second quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after buying an additional 212,486 shares during the period. State Street Corp lifted its holdings in GoPro by 6.7% in the second quarter. State Street Corp now owns 1,914,069 shares of the company’s stock valued at $15,563,000 after buying an additional 120,250 shares during the period. Finally, Quantbot Technologies LP acquired a new position in GoPro in the second quarter valued at approximately $860,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for GoPro Inc (GPRO) Cut by Dougherty & Co” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.watchlistnews.com/fy2017-eps-estimates-for-gopro-inc-gpro-cut-by-dougherty-co/1807541.html.
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.
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.