Brokerages Set GoPro Inc (GPRO) Price Target at $6.39

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Shares of GoPro Inc (NASDAQ:GPRO) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.39.

Several brokerages have commented on GPRO. BidaskClub downgraded GoPro from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Oppenheimer raised GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Wednesday, September 26th. Wedbush set a $7.00 price objective on GoPro and gave the company a “hold” rating in a research report on Wednesday, September 26th. Finally, ValuEngine downgraded GoPro from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th.

In other GoPro news, CFO Brian Mcgee sold 5,452 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $5.86, for a total value of $31,948.72. Following the completion of the sale, the chief financial officer now directly owns 108,411 shares in the company, valued at approximately $635,288.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.61% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Indaba Capital Management L.P. purchased a new stake in shares of GoPro in the 1st quarter worth $10,551,000. BlackRock Inc. lifted its holdings in shares of GoPro by 10.5% in the 2nd quarter. BlackRock Inc. now owns 8,302,325 shares of the company’s stock worth $53,468,000 after buying an additional 785,861 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of GoPro by 478.8% in the 2nd quarter. Renaissance Technologies LLC now owns 4,496,600 shares of the company’s stock worth $28,958,000 after buying an additional 3,719,700 shares during the period. Northern Trust Corp lifted its holdings in shares of GoPro by 5.4% in the 2nd quarter. Northern Trust Corp now owns 1,384,607 shares of the company’s stock worth $8,917,000 after buying an additional 70,968 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of GoPro by 18.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,059,983 shares of the company’s stock worth $6,827,000 after buying an additional 166,661 shares during the period. Institutional investors and hedge funds own 30.88% of the company’s stock.

Shares of GoPro stock opened at $6.47 on Wednesday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -6.10 and a beta of 0.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.49. GoPro has a 52 week low of $4.42 and a 52 week high of $10.70.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The company had revenue of $282.70 million for the quarter, compared to the consensus estimate of $270.27 million. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. GoPro’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, equities analysts expect that GoPro will post -0.54 EPS for the current fiscal year.

About GoPro

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Analyst Recommendations for GoPro (NASDAQ:GPRO)

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