Somewhat Positive News Coverage Somewhat Unlikely to Impact GoPro (GPRO) Share Price
Headlines about GoPro (NASDAQ:GPRO) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GoPro earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8126742148537 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- GoPro stock falls as Google introduces new clip-on camera (marketwatch.com)
- Google’s New Camera Is a Threat to GoPro, but Not in the Way You Think (thestreet.com)
- GoPro: Gutted By Google’s New Camera (finance.yahoo.com)
- Here's Why GoPro Stock Tumbled Today (finance.yahoo.com)
- GoPro: The Old Fears Return (finance.yahoo.com)
Shares of GoPro (NASDAQ GPRO) traded down 6.3513% during mid-day trading on Thursday, hitting $9.7301. The stock had a trading volume of 11,189,419 shares. The company’s market cap is $1.32 billion. The stock’s 50-day moving average is $10.19 and its 200 day moving average is $8.93. GoPro has a 12 month low of $7.15 and a 12 month high of $17.13.
GoPro (NASDAQ:GPRO) last released 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 analyst estimates of $268.94 million. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.52) earnings per share. On average, equities research analysts forecast that GoPro will post $0.05 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on GPRO. Vetr lowered GoPro from a “buy” rating to a “hold” rating and set a $11.84 target price for the company. in a research report on Monday, September 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Wedbush reiterated a “neutral” rating and set a $10.00 price target (down previously from $11.48) on shares of GoPro in a research note on Friday, September 29th. Zacks Investment Research upgraded GoPro from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday. Finally, Dougherty & Co increased their price target on GoPro from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.27.
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In other 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 completion of the transaction, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Charles J. Prober sold 24,918 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the completion of the transaction, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,344 shares of company stock valued at $542,205. Corporate 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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