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.

How to Become a New Pot Stock Millionaire

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.

GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The business had revenue of $334.80 million for the quarter, compared to the consensus estimate of $340.19 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s revenue was down 38.1% compared to the same quarter last year. research analysts anticipate that GoPro will post -0.62 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “GoPro (GPRO) Lifted to “Hold” at Vetr” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/gopro-gpro-lifted-to-hold-at-vetr/1954771.html.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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.