Somewhat Favorable News Coverage Somewhat Unlikely to Affect GoPro (GPRO) Share Price
News coverage about GoPro (NASDAQ:GPRO) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. GoPro earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8550365204604 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- GoPro and Jabil strike deal for tech in third-party devices (seekingalpha.com)
- Today’s Brokerage Rating: GoPro, Inc., (NASDAQ: GPRO), Globalstar, Inc., (NYSE: GSAT) – Global Export Lines (press release) (globalexportlines.com)
- Astonishing Stocks: GoPro, Inc., (NASDAQ: GPRO), Pure Storage, Inc., (NYSE: PSTG) – StocksNewsPro (press release) (stocksnewspro.com)
- Confounding Stocks: GoPro, Inc., (NASDAQ: GPRO), NRG Energy, Inc., (NYSE: NRG); – TNN (tradingnewsnow.com)
- Featured Stock: Gopro Inc Cl A Cmn (GPRO) – Post Registrar (postregistrar.com)
A number of brokerages have recently weighed in on GPRO. Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub downgraded GoPro from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Longbow Research downgraded GoPro from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $7.16 to $13.00 in a research note on Monday, January 8th. JPMorgan Chase & Co. set a $9.00 price objective on GoPro and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, Citigroup lowered their price objective on GoPro to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Six research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. GoPro presently has a consensus rating of “Hold” and an average target price of $7.71.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The business had revenue of $334.80 million for the quarter, compared to analyst estimates of $340.19 million. During the same quarter last year, the firm posted $0.29 EPS. The company’s revenue was down 38.1% compared to the same quarter last year. analysts predict that GoPro will post -0.62 EPS for the current year.
In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total transaction of $83,809.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Mcgee sold 11,124 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the transaction, the chief financial officer now owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The disclosure for this sale can be found here. Insiders own 28.58% 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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