Wall Street brokerages expect GoPro, Inc. (NASDAQ:GPRO) to announce earnings per share (EPS) of $0.49 for the current quarter, Zacks reports. Four analysts have made estimates for GoPro’s earnings, with estimates ranging from $0.41 to $0.57. GoPro posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year over year growth rate of 69%. The company is scheduled to issue its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that GoPro will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.06) to $0.10. For the next year, analysts forecast that the firm will post earnings of $0.39 per share, with EPS estimates ranging from $0.15 to $0.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover GoPro.

A number of research firms have recently issued reports on GPRO. Goldman Sachs Group, Inc. (The) upgraded shares of GoPro from a “sell” rating to a “neutral” rating and boosted their price target for the company from $6.75 to $10.00 in a report on Tuesday, August 15th. Vetr lowered shares of GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price target on the stock. in a report on Monday, August 7th. J P Morgan Chase & Co boosted their price objective on shares of GoPro from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Citigroup Inc. reaffirmed a “neutral” rating and set a $10.50 price objective on shares of GoPro in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. GoPro has an average rating of “Hold” and an average price target of $9.68.

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GoPro (NASDAQ:GPRO) traded down $0.06 during mid-day trading on Tuesday, hitting $8.85. 3,882,787 shares of the stock were exchanged, compared to its average volume of 7,320,000. GoPro has a twelve month low of $7.14 and a twelve month high of $11.89. The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.

In related news, COO Charles J. Prober sold 24,918 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total transaction of $259,629.93. Following the sale, the director now directly owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,344 shares of company stock valued at $542,205. 28.58% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in GPRO. Bank of New York Mellon Corp raised its stake in GoPro by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock valued at $4,095,000 after purchasing an additional 23,641 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in GoPro by 33.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 52,076 shares of the company’s stock valued at $453,000 after purchasing an additional 13,106 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in GoPro by 25.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 49,887 shares of the company’s stock valued at $434,000 after purchasing an additional 10,264 shares during the last quarter. American International Group Inc. raised its stake in GoPro by 7.1% during the 1st quarter. American International Group Inc. now owns 62,227 shares of the company’s stock valued at $541,000 after purchasing an additional 4,110 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in GoPro by 3.1% during the 1st quarter. Teachers Advisors LLC now owns 177,167 shares of the company’s stock valued at $1,541,000 after purchasing an additional 5,373 shares during the last quarter. Hedge funds and other institutional investors own 24.26% 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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