Economy

Earnings Estimates in the Spotlight: GoPro, Inc. (GPRO)

(The) upgraded shares of GoPro from a sell rating to a neutral rating and increased their price target for the stock from $6.75 to $10.00 in a research report on Tuesday, August 15th. Finally, Morgan Stanley set a $9.00 target price on shares of GoPro and gave the company a hold rating in a research report on Saturday, August 5th.

WARNING: "Charles J. Prober Sells 24,918 Shares of GoPro, Inc".

When it comes to the Analysis of a Stock, Price Target plays a vital role.

Some buy side analysts are also providing their Analysis on GoPro, Inc., where 1 analysts have given a Buy signal, 10 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 3.3 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. From the opening price, the stock has seen a change of -1.94% recently clocking in with a price of $11.14. On August 4 the company was upgraded from "Market Perform" to "Market Perform" in a report from Raymond James. It is now trading at $11.23 significantly higher than the 50 day moving average of $9.43 and which is well above the 200 day moving average of $8.65.

While looking at the Stock's Performance, GoPro, Inc. now shows a Weekly Performance of 28.2%, where Monthly Performance is 17.15%, Quarterly performance is 36.81%, 6 Months performance is 55.24% and yearly performance percentage is -10.86%. The stock's market capitalization is $1.28 billion. Wedbush maintained GoPro Inc (NASDAQ:GPRO) rating on Thursday, January 14. However the company reported $-0.6 earnings per share for the same quarter during past year. Return on Equity (ROE) stands at -88.5% and Return on Investment (ROI) of -93.3 percent. The business had revenue of $296.52 million for the quarter, compared to analysts' expectations of $268.94 million. During the same period in the previous year, the company earned ($0.52) EPS. The business's quarterly revenue was up 34.3% on a year-over-year basis. Equities analysts anticipate that GoPro, Inc. will post $0.01 EPS for the current year.

In other GoPro news, President Anthony John Bates sold 23,598 shares of the company's stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $9.62, for a total transaction of $227,012.76. Following the completion of the transaction, the director now owns 116,482 shares of the company's stock, valued at approximately $1,184,621.94. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. Institutional investors own 24.40% of the company's stock. The disclosure for this sale can be found here.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in GoPro by 195.5% in the 2nd quarter. Sharon S. Zezima, General Counsel, Secretary sold $8,477 worth of shares at an average price of $9.45 on August 17th. Nomura Holdings Inc. purchased a new stake in shares of GoPro in the 1st quarter valued at $113,000. Hodges Capital Management Inc. now owns 530,000 shares of the company's stock valued at $4,616,000 after buying an additional 242,400 shares during the period. Bank of New York Mellon Corp grew its stake in shares of GoPro by 5.3% in the 1st quarter. Finally, Doheny Asset Management CA acquired a new stake in GoPro during the third quarter valued at approximately $904,000.

GoPro, Inc. (GPRO) has an annual dividend of $0, while its annual dividend yield is 0%. The Business's products are sold globally through retailers, wholesale distributors and on the Business's Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.



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