Oppenheimer Holdings, Inc. reissued their hold rating on shares of GoPro, Inc. (NASDAQ:GPRO) in a research report released on Friday morning.

A number of other equities analysts have also recently issued reports on the stock. Vetr cut shares of GoPro from a strong-buy rating to a buy rating and set a $8.98 price objective for the company. in a research note on Wednesday, June 28th. J P Morgan Chase & Co reiterated a buy rating on shares of GoPro in a research report on Friday, August 4th. Morgan Stanley upgraded shares of GoPro from an underweight rating to an equal weight rating and set a $7.50 target price on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Wedbush reissued a hold rating and issued a $9.00 target price on shares of GoPro in a research note on Thursday, June 1st. Finally, Cowen and Company reissued a hold rating and issued a $8.50 target price on shares of GoPro in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $9.09.

Shares of GoPro (NASDAQ:GPRO) opened at 11.01 on Friday. The company’s 50-day moving average is $9.69 and its 200 day moving average is $8.68. GoPro has a 1-year low of $7.14 and a 1-year high of $17.68. The firm’s market cap is $1.49 billion.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. During the same quarter in the previous year, the company earned ($0.52) earnings per share. The business’s revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts expect that GoPro will post $0.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/gopros-gpro-hold-rating-reiterated-at-oppenheimer-holdings-inc/1602204.html.

In other news, 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 transaction, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $274,098.00. Following the transaction, the chief operating officer now directly owns 148,493 shares in the company, valued at approximately $1,633,423. The disclosure for this sale can be found here. Insiders sold a total of 51,344 shares of company stock valued at $542,205 over the last three months. Insiders own 28.58% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. increased its position in GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after purchasing an additional 704 shares during the period. State Street Corp raised its holdings in GoPro by 6.7% during the 2nd quarter. State Street Corp now owns 1,914,069 shares of the company’s stock worth $15,563,000 after purchasing an additional 120,250 shares during the last quarter. Maverick Capital Ltd. bought a new stake in GoPro during the 2nd quarter worth about $589,000. ETF Managers Group LLC bought a new stake in GoPro during the 2nd quarter worth about $652,000. Finally, UBS Oconnor LLC acquired a new position in GoPro during the 2nd quarter valued at about $528,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.