GoPro (GPRO) Earns Coverage Optimism Rating of 0.05
News articles about GoPro (NASDAQ:GPRO) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GoPro earned a news impact score of 0.05 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Alpha One’s scoring:
- GoPro Inc (GPRO) Q1 Earnings Could Launch a Crazy Breakout (investorplace.com)
- GoPro Inc (GPRO) Q1 Earnings Could Launch a Crazy Breakout – Investorplace.com (investorplace.com)
- Google Home Gets Smarter About Voices | Crunch Report (finance.yahoo.com)
- GoPro, Inc. (NASDAQ:GPRO) closed with a change of 0% – The Newburgh Press (newburghpress.com)
- Why GoPro Inc. and Garmin Ltd. Belong Together (fool.com)
GoPro (NASDAQ:GPRO) traded down 1.11% during midday trading on Friday, hitting $8.87. 1,943,751 shares of the stock traded hands. GoPro has a 52 week low of $7.14 and a 52 week high of $17.68. The stock’s 50-day moving average price is $8.44 and its 200-day moving average price is $10.13. The stock’s market capitalization is $1.26 billion.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. The firm earned $540.62 million during the quarter, compared to analyst estimates of $585.31 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts expect that GoPro will post ($0.08) EPS for the current fiscal year.
GPRO has been the topic of a number of recent research reports. Robert W. Baird cut their price target on shares of GoPro to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, January 17th. Piper Jaffray Companies reiterated an “underweight” rating and set a $8.00 price target on shares of GoPro in a report on Tuesday, December 27th. Wedbush set a $9.00 price target on shares of GoPro and gave the stock a “hold” rating in a report on Wednesday, February 8th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of GoPro in a report on Sunday, March 19th. Finally, Oppenheimer Holdings Inc. reiterated a “” rating on shares of GoPro in a report on Monday, February 6th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. GoPro currently has a consensus rating of “Hold” and a consensus target price of $10.25.
In related news, CFO Brian Mcgee sold 5,692 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $9.31, for a total transaction of $52,992.52. Following the completion of the sale, the chief financial officer now directly owns 91,250 shares in the company, valued at $849,537.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony John Bates sold 41,077 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $8.19, for a total transaction of $336,420.63. Following the sale, the director now owns 208,617 shares of the company’s stock, valued at $1,708,573.23. The disclosure for this sale can be found here. Insiders sold 84,668 shares of company stock valued at $738,432 over the last quarter. Company insiders own 28.69% of the company’s stock.
GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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