GoPro (GPRO) Lifted to “Hold” at Vetr
GoPro (NASDAQ:GPRO) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday. The firm presently has a $5.00 price target on the stock. Vetr‘s target price would suggest a potential upside of 1.63% from the stock’s previous close.
Several other research analysts also recently commented on GPRO. BidaskClub upgraded GoPro from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 6th. JPMorgan Chase & Co. cut GoPro from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $9.00 to $8.00 in a report on Friday, February 2nd. Bank of America dropped their price target on GoPro from $6.50 to $5.50 and set an “underperform” rating for the company in a report on Friday, February 2nd. Citigroup dropped their price target on GoPro from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Longbow Research cut GoPro from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $7.16 to $13.00 in a report on Monday, January 8th. Six analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.71.
GoPro (NASDAQ:GPRO) opened at $4.92 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55. GoPro has a one year low of $4.87 and a one year high of $11.89. The company has a market capitalization of $779.16, a P/E ratio of -3.76 and a beta of 0.13.
In other GoPro news, CFO Brian Mcgee sold 11,124 shares of GoPro stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the transaction, the chief financial officer now directly owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sharon S. Zezima sold 14,966 shares of GoPro stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here. 28.58% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in GoPro in the 3rd quarter valued at $139,000. North Star Investment Management Corp. raised its holdings 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 acquiring an additional 11,500 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in GoPro in the 3rd quarter valued at $266,000. Cubist Systematic Strategies LLC raised its holdings in GoPro by 416.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after acquiring an additional 23,508 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of GoPro by 235.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after purchasing an additional 21,501 shares during the last quarter. 26.00% of the stock is owned by hedge funds and other institutional investors.
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GoPro Company Profile
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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