GoPro (GPRO) Receiving Somewhat Favorable Press Coverage, Study Shows
News coverage about GoPro (NASDAQ:GPRO) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. GoPro earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.7086372752393 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Ride the GoPro Inc (GPRO) Stock Wave! – Investorplace.com (investorplace.com)
- Is the GoPro Inc (GPRO) Karma Drone Ready to Make a Big Comeback? (investorplace.com)
- 1 Thing GoPro Is Doing Right (fool.com)
- GoPro, Inc. (GPRO) Sees Large Decrease in Short Interest (americanbankingnews.com)
Shares of GoPro (NASDAQ:GPRO) traded down 0.44% on Wednesday, hitting $9.11. 1,716,980 shares of the stock were exchanged. The company’s market cap is $1.24 billion. The company has a 50 day moving average of $8.75 and a 200 day moving average of $8.59. GoPro has a 52-week low of $7.14 and a 52-week high of $17.68.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. The firm had revenue of $296.52 million during the quarter, compared to analysts’ expectations of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.52) EPS. Equities research analysts forecast that GoPro will post ($0.05) earnings per share for the current year.
GPRO has been the topic of a number of recent research reports. Vetr raised shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $9.04 price target on the stock in a research report on Tuesday, July 18th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $13.00 target price on shares of GoPro in a report on Saturday. Morgan Stanley raised shares of GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 target price on the stock in a report on Monday, July 31st. They noted that the move was a valuation call. Dougherty & Co reissued a “sell” rating and issued a $5.00 target price on shares of GoPro in a report on Wednesday, July 5th. Finally, ValuEngine raised shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.53.
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In related news, Director Anthony John Bates sold 41,076 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total transaction of $348,735.24. Following the completion of the sale, the director now directly owns 142,011 shares in the company, valued at approximately $1,205,673.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 28.69% of the company’s stock.
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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