GoPro (NASDAQ:GPRO) had its target price lowered by equities researchers at Citigroup to $5.50 in a note issued to investors on Friday, The Fly reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential downside of 0.90% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Vetr raised GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price target on the stock in a report on Thursday, October 19th. JPMorgan Chase & Co. set a $9.00 price target on GoPro and gave the company a “buy” rating in a report on Monday, January 8th. BidaskClub cut GoPro from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.60 to $13.00 in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on GoPro from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company’s stock. GoPro presently has an average rating of “Hold” and a consensus target price of $8.14.

Shares of GoPro (NASDAQ:GPRO) opened at $5.55 on Friday. GoPro has a twelve month low of $5.04 and a twelve month high of $11.89. The company has a market capitalization of $810.07, a P/E ratio of -4.24 and a beta of 0.15. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.

GoPro (NASDAQ:GPRO) last announced its earnings results on Wednesday, November 1st. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. GoPro had a negative return on equity of 39.34% and a negative net margin of 15.50%. The firm had revenue of $329.81 million for the quarter, compared to analysts’ expectations of $314.32 million. analysts expect that GoPro will post -0.46 EPS for the current year.

In other GoPro news, CEO Nicholas Woodman sold 165,343 shares of GoPro 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the transaction, the director now owns 99,459 shares in the company, valued at $793,682.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,907 shares of company stock worth $1,689,300. Corporate insiders own 28.58% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Argent Capital Management LLC purchased a new position in GoPro during the 3rd quarter worth approximately $1,028,000. Swiss National Bank grew its position in GoPro by 14.5% during the 2nd quarter. Swiss National Bank now owns 166,700 shares of the company’s stock worth $1,355,000 after purchasing an additional 21,100 shares in the last quarter. Wells Fargo & Company MN grew its position in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after purchasing an additional 212,486 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in GoPro by 22.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock worth $4,528,000 after purchasing an additional 101,157 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of GoPro by 9.2% during the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock valued at $1,572,000 after acquiring an additional 16,243 shares in the last quarter. Hedge funds and other institutional investors own 26.42% 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.

The Fly

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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