GoPro (NASDAQ:GPRO) Receives Coverage Optimism Score of 0.25

Analyst Recommendations for Go Pro

(The) lifted their price objective on GoPro from $6.00 to $6.50 and gave the stock a sell rating in a research note on Thursday, March 16th. Zacks Investment Research lowered shares of GoPro from a "buy" rating to a "hold" rating in a research note on Tuesday, May 16th. Vetr lowered shares of GoPro from a "strong-buy" rating to a "buy" rating and set a $9.71 price target for the a research note on Monday, April 10th. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $10.10.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) has grabbed attention from the analysts, when it saw a value decrease of -1.81% or -0.15 points in the last trading session to close at $8.13. It has a market cap of $1.18 Billion. GoPro has a 52 week low of $7.14 and a 52 week high of $17.68.

Analysts on average have given a price target of $8.54 to GoPro, Inc.

Wall Street analysts are predicting that Gopro Inc Cl A Cmn (NASDAQ:GPRO) will report earnings per share of $-0.25 in their quarterly report.

The company's quick ratio for most recent quarter is 0.6 along with current ratio for most recent quarter of 1.2. The company had revenue of $218.61 million during the quarter, compared to analyst estimates of $206.23 million.

Net profit margin of the company is seen at -34.60%. GPRO generated revenue of $401.51 Million in the same quarter, one year ago. Comparatively, GPRO posted earnings of $-0.09 per share in the same quarter, a year earlier. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and worldwide copyright law. The legal version of this article can be accessed at [[permalink]].

In other GoPro news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total transaction of $348,735.24. Following the transaction, the director now directly owns 142,011 shares of the company's stock, valued at approximately $1,205,673.39. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of GoPro by 53.7% in the third quarter. Insiders own 28.69% of the company's stock. Finally, Norges Bank acquired a new position in GoPro during the fourth quarter worth about $492,000. 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 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. Raymond James Financial, Inc. restated an underperform rating on shares of GoPro in a research note on Sunday, March 19th. Brown Advisory Inc. now owns 15,998 shares of the company's stock valued at $139,000 after buying an additional 2,981 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in GoPro during the first quarter worth about $113,000. Allianz Asset Management AG acquired a new position in GoPro during the fourth quarter worth about $124,000. Institutional investors own 25.56% of the company's stock.

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