GoPro, Inc. (GPRO) Earns “Hold” Rating from Oppenheimer Holdings, Inc.
GoPro, Inc. (NASDAQ:GPRO)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Monday.
Several other research analysts have also recently weighed in on GPRO. Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Wedbush reissued a “hold” rating and issued a $9.00 price objective on shares of GoPro in a research report on Thursday, June 1st. ValuEngine raised GoPro from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Bank of America Corporation reaffirmed an “underperform” rating and set a $7.00 price target (down previously from $8.00) on shares of GoPro in a research report on Monday, June 5th. Finally, BidaskClub cut GoPro from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.75.
GoPro (NASDAQ:GPRO) traded up 8.97% on Monday, reaching $11.18. The company’s stock had a trading volume of 12,577,398 shares. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68. The firm has a 50 day moving average of $9.12 and a 200 day moving average of $8.59. The firm’s market cap is $1.52 billion.
GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.20. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The business had revenue of $296.52 million for the quarter, compared to analysts’ expectations of $268.94 million. During the same quarter in the previous year, the firm earned ($0.52) earnings per share. The business’s revenue was up 34.3% on a year-over-year basis.
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In other GoPro news, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the transaction, the director now directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.69% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its stake in GoPro by 3.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after acquiring an additional 695 shares during the last quarter. Nomura Holdings Inc. increased its stake in GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after acquiring an additional 704 shares during the last quarter. Legal & General Group Plc increased its stake in GoPro by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock worth $281,000 after acquiring an additional 763 shares during the last quarter. Stifel Financial Corp increased its stake in GoPro by 1.4% in the 2nd quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock worth $482,000 after acquiring an additional 813 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in GoPro by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock worth $904,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 24.40% of the company’s stock.
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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