A number of other equities analysts have also commented on the stock. TheStreet lowered shares of GoPro from a “c-” rating to a “d+” rating in a report on Thursday, April 23rd. Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating and set a $4.75 price target on the stock. in a report on Friday, May 29th. Wedbush increased their price target on shares of GoPro from $2.50 to $3.50 and gave the stock a “neutral” rating in a report on Friday, May 8th. Oppenheimer reissued a “buy” rating and issued a $7.00 price target on shares of GoPro in a report on Thursday, May 7th. Finally, BidaskClub raised shares of GoPro from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.05.
NASDAQ GPRO opened at $4.69 on Monday. GoPro has a 1 year low of $2.00 and a 1 year high of $5.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.74 and a quick ratio of 0.94. The stock has a market capitalization of $716.96 million, a PE ratio of -12.68 and a beta of 1.45. The company’s 50 day simple moving average is $4.41 and its two-hundred day simple moving average is $3.82.
GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.34). GoPro had a negative net margin of 5.02% and a negative return on equity of 19.12%. The business had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $119.10 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was down 50.8% compared to the same quarter last year. On average, research analysts anticipate that GoPro will post -0.57 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in GPRO. Prentice Capital Management LP bought a new position in shares of GoPro during the 4th quarter valued at $54,981,000. JPMorgan Chase & Co. boosted its position in GoPro by 101.1% during the 1st quarter. JPMorgan Chase & Co. now owns 9,894,048 shares of the company’s stock valued at $25,923,000 after buying an additional 4,973,044 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in GoPro by 129.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,829,662 shares of the company’s stock valued at $12,281,000 after buying an additional 1,594,144 shares during the period. Canada Pension Plan Investment Board purchased a new stake in GoPro during the 1st quarter valued at $2,311,000. Finally, Norges Bank purchased a new stake in GoPro during the 4th quarter valued at $2,380,000. 48.18% of the stock is currently owned by institutional investors.
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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