GoPro Inc (NASDAQ:GPRO) gapped up prior to trading on Monday . The stock had previously closed at $3.53, but opened at $3.61. GoPro shares last traded at $3.65, with a volume of 2,705,194 shares changing hands.
GPRO has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on shares of GoPro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Wedbush reaffirmed a “neutral” rating on shares of GoPro in a research report on Friday, October 4th. BidaskClub cut shares of GoPro from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Morgan Stanley decreased their target price on shares of GoPro from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Zacks Investment Research cut shares of GoPro from a “hold” rating to a “strong sell” rating and set a $3.50 target price on the stock. in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.83.
The stock’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $5.33. The company has a quick ratio of 1.14, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The company has a market cap of $585.65 million, a price-to-earnings ratio of -7.93, a PEG ratio of 6.33 and a beta of 0.86.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $292.43 million for the quarter, compared to analyst estimates of $302.29 million. GoPro had a negative return on equity of 2.69% and a negative net margin of 2.59%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. On average, sell-side analysts expect that GoPro Inc will post 0.06 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of GoPro by 3.7% during the second quarter. Vanguard Group Inc. now owns 10,876,643 shares of the company’s stock worth $59,386,000 after purchasing an additional 383,646 shares in the last quarter. BlackRock Inc. lifted its position in shares of GoPro by 4.9% during the second quarter. BlackRock Inc. now owns 8,358,615 shares of the company’s stock worth $45,639,000 after purchasing an additional 389,072 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of GoPro by 116.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 7,619,587 shares of the company’s stock worth $41,603,000 after purchasing an additional 4,100,719 shares in the last quarter. Marshall Wace LLP lifted its position in shares of GoPro by 3,479.7% during the second quarter. Marshall Wace LLP now owns 1,555,879 shares of the company’s stock worth $8,495,000 after purchasing an additional 1,512,415 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of GoPro by 2.0% during the second quarter. Northern Trust Corp now owns 1,448,301 shares of the company’s stock worth $7,907,000 after purchasing an additional 27,969 shares in the last quarter. 49.38% of the stock is currently owned by institutional investors and hedge funds.
GoPro Company Profile (NASDAQ:GPRO)
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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