Economy

Price Target Analysis of GoPro, Inc. (GPRO)

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of GoPro Inc (NASDAQ:GPRO).

Other equities research analysts have also recently issued reports about the stock. On August 4, 2017 the stock rating was set at "Market Perform" in a report from Raymond James which was a boost from the previous "Market Perform" rating. Citigroup Inc. restated a neutral rating and set a $10.50 price objective on shares of GoPro in a report on Friday, September 8th.

GoPro Inc had its "overweight" rating reiterated by analysts at JP Morgan. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of GoPro from a sell rating to a neutral rating and lifted their price target for the company from $6.75 to $10.00 in a research report on Tuesday, August 15th. As of quarter end Engineers Gate Manager Lp had bought a total of 180,088 shares growing its holdings by 1,324.2%. GoPro presently has an average rating of Hold and a consensus price target of $8.96. The stock was trading at a distance of -36.93% from its 52-week highs and stands 56.05% away from its 52-week lows. They now have a Dollars 7.5 price target on the stock. The company's market cap is $1.45 billion.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, beating the Zacks' consensus estimate of ($0.34) by $0.20. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The business had revenue of $296.52 million during the quarter, compared to analysts' expectations of $268.94 million.

As of the latest earnings report the EPS was $-2.59 and is projected to be $0.02 for the current year with 135,633,000 shares now outstanding.

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GoPro, Inc. (NASDAQ:GPRO) has a below average level of market risk. GoPro Inc (NASDAQ:GPRO) has declined 3.73% since September 21, 2016 and is downtrending. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States & global copyright laws.

GoPro, Inc. (NASDAQ:GPRO) in the last month has increased +17.66%. Also, COO Charles J. Prober sold 24,918 shares of the firm's stock in a transaction that occurred on Monday, September 11th. The shares were sold on September 11th for an average price of $11.00.

As of the end of the quarter Mufg Securities Emea Plc had sold a total of 3,359 shares trimming its stake by 3.7%. Swiss National Bank now owns 145,600 shares of the company's stock valued at $1,267,000 after buying an additional 5,500 shares during the period. The disclosure for this sale can be found here.

Shares are trading at $10.97 which is quite a bit above the 50 day moving average which is $9.69 and which is quite a bit higher than the 200 day moving average of $8.68. However, the institutional investors are observed to own 34.60% of the total shares.

GoPro, Inc. produces cameras and mountable and wearable accessories. Share performance for the month is now at 21.69%.

There has been some selling insider activity on GoPro, Inc. UBS Asset Management Americas Inc. now owns 52,076 shares of the company's stock worth $453,000 after buying an additional 13,106 shares during the period. Bank of New York Mellon Corp raised its holdings in GoPro by 5.3% in the first quarter. That brings the General Counsel, Secretary's holdings to $559,223 as reported to the SEC. Melvin Capital Management Lp trimmed its position by shedding 1,000,000 shares a decrease of 66.7%. Finally, Nationwide Fund Advisors grew its position in shares of GoPro by 0.8% during the 2nd quarter. Following the transaction, the director now owns 116,482 shares in the company, valued at $1,184,621.94.



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