GoPro (GPRO) Given a $9.00 Price Target by JPMorgan Chase & Co. Analysts
Several other brokerages also recently weighed in on GPRO. Wedbush restated a neutral rating and set a $10.00 target price (down previously from $11.48) on shares of GoPro in a research note on Friday, September 29th. Zacks Investment Research upgraded GoPro from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Wednesday, October 4th. Citigroup decreased their target price on GoPro from $11.00 to $10.00 and set a neutral rating for the company in a research note on Thursday, November 2nd. Oppenheimer restated a hold rating on shares of GoPro in a research note on Friday, September 29th. Finally, BidaskClub downgraded GoPro from a sell rating to a strong sell rating in a research note on Saturday, December 9th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. GoPro presently has an average rating of Hold and an average price target of $8.74.
Shares of GoPro (GPRO) traded up $0.08 during trading hours on Monday, reaching $6.23. The company had a trading volume of 4,476,252 shares, compared to its average volume of 13,219,250. GoPro has a 1 year low of $5.04 and a 1 year high of $11.89. The company has a market cap of $909.32, a P/E ratio of -3.62, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65.
In other GoPro news, CFO Brian Mcgee sold 7,541 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the completion of the sale, the chief financial officer now owns 79,167 shares in the company, valued at approximately $651,544.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony John Bates sold 17,023 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the transaction, the director now directly owns 99,459 shares of the company’s stock, valued at $793,682.82. The disclosure for this sale can be found here. Insiders sold a total of 704,907 shares of company stock valued at $6,478,800 in the last quarter. Corporate insiders own 28.58% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. raised its holdings in shares of GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after buying an additional 704 shares in the last quarter. Amalgamated Bank raised its holdings in shares of GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after buying an additional 1,858 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of GoPro in the 3rd quarter worth approximately $122,000. North Star Investment Management Corp. raised its holdings in shares of GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock worth $125,000 after buying an additional 11,500 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of GoPro in the 3rd quarter worth approximately $139,000. 26.07% of the stock is owned by institutional investors and hedge funds.
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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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