BidaskClub downgraded shares of GoPro (NASDAQ:GPRO) from a sell rating to a strong sell rating in a research note released on Saturday, December 9th.
Several other analysts have also recently weighed in on GPRO. Goldman Sachs Group raised GoPro from a sell rating to a neutral rating and lifted their price objective for the company from $6.75 to $10.00 in a research report on Tuesday, August 15th. JPMorgan Chase & Co. reissued an overweight rating and issued a $13.00 price target on shares of GoPro in a research report on Saturday, August 26th. Citigroup reissued a neutral rating and issued a $10.50 price target on shares of GoPro in a research report on Friday, September 8th. Morgan Stanley boosted their price target on GoPro from $8.50 to $9.50 and gave the stock an equal weight rating in a research report on Friday, September 8th. Finally, Oppenheimer reissued a hold rating on shares of GoPro in a research report on Monday, September 11th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $9.68.
Shares of GoPro (GPRO) traded down $0.12 during trading hours on Friday, reaching $7.57. The company had a trading volume of 5,252,598 shares, compared to its average volume of 4,219,657. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. The stock has a market cap of $1,104.90, a P/E ratio of -4.40 and a beta of 0.53. GoPro has a 52 week low of $7.14 and a 52 week high of $11.89.
In other GoPro news, CEO Nicholas Woodman sold 515,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $9.30, for a total transaction of $4,789,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total transaction of $135,843.54. Following the sale, the director now owns 99,459 shares of the company’s stock, valued at $793,682.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 704,907 shares of company stock valued at $6,478,800. Company insiders own 28.58% of the company’s stock.
Large investors have recently bought and sold shares of the company. Swiss National Bank boosted its holdings in GoPro by 14.5% in the 2nd quarter. Swiss National Bank now owns 166,700 shares of the company’s stock worth $1,355,000 after buying an additional 21,100 shares during the period. Argent Capital Management LLC bought a new position in GoPro in the 3rd quarter worth $1,028,000. Schwab Charles Investment Management Inc. boosted its holdings in GoPro by 22.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock worth $4,528,000 after buying an additional 101,157 shares during the period. Wells Fargo & Company MN boosted its holdings in GoPro by 266.1% in the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after buying an additional 212,486 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in GoPro by 9.2% in the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock worth $1,572,000 after buying an additional 16,243 shares during the period. Hedge funds and other institutional investors own 26.07% 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.