GoPro (GPRO) Trading 5.6% Higher

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GoPro Inc (NASDAQ:GPRO)’s share price traded up 5.6% during trading on Thursday . The stock traded as high as $6.24 and last traded at $6.19. 7,093,855 shares were traded during trading, an increase of 68% from the average session volume of 4,233,338 shares. The stock had previously closed at $5.86.

Several equities analysts have commented on the stock. Wedbush set a $7.00 target price on shares of GoPro and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Citigroup upgraded shares of GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Wednesday, September 26th. BidaskClub upgraded shares of GoPro from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Oppenheimer upgraded shares of GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Wednesday, September 26th. Finally, UBS Group upgraded shares of GoPro from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 26th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.05.

The company has a market cap 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 (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. GoPro had a negative net margin of 13.47% and a negative return on equity of 47.64%. The business had revenue of $282.70 million during the quarter, compared to analyst estimates of $270.27 million. During the same period in the previous year, the business earned ($0.09) EPS. GoPro’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that GoPro Inc will post -0.54 EPS for the current year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRO. Fox Run Management L.L.C. bought a new stake in shares of GoPro during the 3rd quarter worth $143,000. Raymond James Financial Services Advisors Inc. bought a new stake in GoPro in the second quarter worth $172,000. BB&T Securities LLC bought a new stake in GoPro in the second quarter worth $233,000. Trexquant Investment LP bought a new stake in GoPro in the second quarter worth $336,000. Finally, MetLife Investment Advisors LLC lifted its stake in GoPro by 71.1% in the second quarter. MetLife Investment Advisors LLC now owns 53,260 shares of the company’s stock worth $343,000 after purchasing an additional 22,137 shares during the last quarter. Hedge funds and other institutional investors own 30.88% of the company’s stock.

GoPro Company Profile (NASDAQ:GPRO)

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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