GoPro Inc (GPRO) Receives Average Rating of “Hold” from Brokerages

GoPro Inc (NASDAQ:GPRO) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.86.

GPRO has been the subject of a number of analyst reports. ValuEngine upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Wedbush reissued a “neutral” rating and issued a $6.00 target price on shares of GoPro in a report on Thursday, January 31st. BidaskClub raised GoPro from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Finally, Longbow Research reissued a “hold” rating on shares of GoPro in a report on Tuesday, April 9th.

In other news, CEO Nicholas Woodman sold 342,679 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $5.91, for a total value of $2,025,232.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Mcgee sold 19,526 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $6.04, for a total value of $117,937.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,713,050 shares of company stock valued at $22,903,257. 26.61% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of GoPro by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the last quarter. Vanguard Group Inc increased its position in shares of GoPro by 3.3% in the third quarter. Vanguard Group Inc now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the period. Versant Capital Management Inc increased its position in shares of GoPro by 36.6% in the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after acquiring an additional 4,395 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of GoPro in the fourth quarter valued at about $44,000. Finally, SG Americas Securities LLC increased its position in shares of GoPro by 87.2% in the fourth quarter. SG Americas Securities LLC now owns 165,791 shares of the company’s stock valued at $703,000 after acquiring an additional 77,249 shares during the period. 41.06% of the stock is owned by hedge funds and other institutional investors.

GPRO stock opened at $5.87 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.19 and a debt-to-equity ratio of 0.66. GoPro has a 52-week low of $4.00 and a 52-week high of $7.60. The company has a market cap of $887.97 million, a price-to-earnings ratio of -12.76, a price-to-earnings-growth ratio of 9.09 and a beta of 0.69.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. GoPro had a negative return on equity of 34.77% and a negative net margin of 9.49%. The company had revenue of $377.38 million for the quarter, compared to the consensus estimate of $374.28 million. During the same period in the previous year, the business earned ($0.30) EPS. GoPro’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts forecast that GoPro will post 0.06 EPS for the current fiscal year.

About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Analyst Recommendations for GoPro (NASDAQ:GPRO)

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