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%.

Other equities analysts have also issued reports about the stock. Longbow Research upgraded shares of GoPro from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, October 4th. JPMorgan Chase & Co. set a $9.00 price target on shares of GoPro and gave the company a “buy” rating in a research report on Monday, January 8th. Vetr lowered shares of GoPro from a “buy” rating to a “hold” rating and set a $11.84 target price on the stock. in a research report on Monday, September 18th. Finally, Oppenheimer reiterated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.74.

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.

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About GoPro

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.

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