GoPro, Inc. (GPRO) Receives $9.25 Average PT from Analysts

Zacks Investment Research upgraded shares of GoPro, Inc. Moreover, Benjamin F Edwards & has 0% invested in GoPro Inc (NASDAQ:GPRO). The stock price is showing discouraging image with current unsupportive move of -6.93% at trading price of $9.67.

According to Zacks, "GoPro has been making company-wide restructuring efforts, which include a combination of programs to cut costs". GoPro has been aiming towards transforming itself from the "camera maker" to "content maker", and has taken significant steps to diversify into higher-margin businesses including video editing and virtual reality. GoPro, headquartered in San Mateo, California.

GPRO has been the subject of several research analyst reports.

Analyst Thoughts About GoPro, Inc. BidaskClub upgraded shares of GoPro from a sell rating to a hold rating in a report on Wednesday, August 9th.

Among 23 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 1 Sell and 12 Hold. GoPro now has an average rating of Hold and an average target price of $9.27. (NASDAQ:GPRO) stock. Many experts agree that the truth about a stock is best reflected in the way it moves on the chart. Traders may use the indicator to determine if a stock is trending or to spot overbought/oversold conditions. The company has experienced volume of 2,895,386 shares while on average the company has a capacity of trading 1.97M share. The volume of GPRO witnessed a shift from 12.55 million shares, based on a 50-day average, to 5.38 million shares. Morgan Stanley upgraded GoPro from an "underweight" rating to an "equal weight" rating and set a $7.50 price objective for the company in a report on Monday, July 31st.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.20. The company had revenue of $296.52 million for the quarter, compared to analyst estimates of $268.94 million. Net profit margin of the company was recorded at -27.9 percent, operating profit margin was -19.7 percent, while gross profit margin stands at 37.3 percent. The business's quarterly revenue was up 34.3% compared to the same quarter previous year. Company shares last traded at $9.67 slightly below the 50 day moving average which is $10.19 and a bit higher than the 200 day moving average of $8.93. On average, equities analysts predict that GoPro will post $0.05 EPS for the current fiscal year.

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In latest trading activity; GoPro, Inc.

In other news, COO Charles J. Prober sold 24,918 shares of the firm's stock in a transaction that occurred on Monday, September 11th. The Average True Range (ATR) shows a value of 0.61. Following the sale, the chief operating officer now directly owns 148,493 shares in the company, valued at approximately $1,633,423. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony John Bates sold 25,529 shares of the firm's stock in a transaction that occurred on Thursday, September 7th. The disclosure for this sale can be found here.

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in GoPro by 5.3% during the first quarter. Finally, HighTower Advisors LLC increased its stake in shares of GoPro by 5.5% during the 1st quarter. Over the last week of the month, it was -15.77%, 21.18% over the last quarter, and 13.63% for the past six months. Amalgamated Bank increased its holdings in GoPro by 14.6% in the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company's stock valued at $281,000 after purchasing an additional 763 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in GoPro by 3.4% in the 1st quarter. 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 last quarter.

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