GoPro (NASDAQ:GPRO) had its price target reduced by Citigroup to $7.00 in a report published on Tuesday, The Fly reports. They currently have a neutral rating on the stock.

GPRO has been the topic of a number of other reports. Vetr downgraded shares of GoPro from a buy rating to a hold rating and set a $11.84 price target on the stock. in a report on Monday, September 18th. Wedbush reiterated a neutral rating on shares of GoPro in a report on Thursday, October 26th. Dougherty & Co reiterated a sell rating and issued a $4.00 price target (down from $7.00) on shares of GoPro in a report on Tuesday. Longbow Research upgraded shares of GoPro from a neutral rating to a buy rating and boosted their target price for the stock from $9.60 to $13.00 in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of GoPro from a buy rating to a hold rating in a report on Wednesday, November 29th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $8.74.

Shares of GoPro (GPRO) opened at $6.23 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The stock has a market cap of $909.32, a price-to-earnings ratio of -3.62, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53. GoPro has a fifty-two week low of $5.04 and a fifty-two week high of $11.89.

In other GoPro news, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the sale, the director now directly owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Mcgee sold 7,541 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $8.23, for a total transaction of $62,062.43. Following the completion of the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 704,907 shares of company stock valued at $6,478,800. 28.58% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. boosted its position in GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after buying an additional 704 shares during the period. Amalgamated Bank boosted its position in GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after buying an additional 1,858 shares during the period. Essex Investment Management Co. LLC purchased a new stake in GoPro in the 3rd quarter valued at about $122,000. North Star Investment Management Corp. boosted its position in GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in GoPro in the 3rd quarter valued at about $139,000. 26.07% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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