GoPro Inc. (GPRO) Rating Lowered to Buy at Vetr Inc.
GoPro Inc. (NASDAQ:GPRO) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They currently have a $10.96 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 11.50% from the stock’s current price.
GPRO has been the topic of several other reports. Wedbush reaffirmed an “outperform” rating and issued a $17.50 price objective on shares of GoPro in a report on Thursday, October 27th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of GoPro in a report on Friday, October 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $16.00 target price on shares of GoPro in a research note on Saturday, October 15th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, September 27th. Finally, Dougherty & Co reiterated a “positive” rating on shares of GoPro in a research note on Wednesday, September 7th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.41.
GoPro (NASDAQ:GPRO) opened at 9.83 on Monday. The company’s 50-day moving average is $12.22 and its 200 day moving average is $12.59. GoPro has a 1-year low of $8.62 and a 1-year high of $20.60. The stock’s market capitalization is $1.38 billion.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.25. The business earned $240.57 million during the quarter, compared to analysts’ expectations of $315.89 million. GoPro had a negative net margin of 31.23% and a negative return on equity of 49.53%. The firm’s revenue was down 39.9% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Equities analysts predict that GoPro will post ($1.48) earnings per share for the current year.
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In other news, CFO Brian Mcgee sold 4,497 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $10.32, for a total transaction of $46,409.04. Following the sale, the chief financial officer now owns 51,250 shares of the company’s stock, valued at $528,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Anthony John Bates sold 9,704 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $14.16, for a total transaction of $137,408.64. Following the sale, the president now directly owns 398,137 shares in the company, valued at approximately $5,637,619.92. The disclosure for this sale can be found here. Insiders own 28.69% of the company’s stock.
Several hedge funds have recently modified their holdings of GPRO. Advisor Group Inc. acquired a new stake in shares of GoPro during the second quarter valued at about $100,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of GoPro during the third quarter valued at $109,000. Emerald Acquisition Ltd. purchased a new stake in shares of GoPro during the second quarter valued at $111,000. Penserra Capital Management LLC boosted its stake in shares of GoPro by 42.9% in the second quarter. Penserra Capital Management LLC now owns 10,533 shares of the company’s stock valued at $114,000 after buying an additional 3,164 shares during the period. Finally, MSI Financial Services Inc boosted its stake in shares of GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares during the period. 32.87% of the stock is currently owned by institutional investors and hedge funds.
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its 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.
To view Vetr’s full report, visit Vetr’s official website.
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