GoPro (NASDAQ:GPRO) had its price target decreased by Citigroup to $7.00 in a research report sent to investors on Tuesday, The Fly reports. Citigroup currently has a neutral rating on the stock.
GPRO has been the topic of several other research reports. Vetr cut shares of GoPro from a buy rating to a hold rating and set a $11.84 target price on the stock. in a report on Monday, September 18th. Wedbush restated a neutral rating on shares of GoPro in a report on Thursday, October 26th. Dougherty & Co restated a sell rating and issued a $4.00 target price (down previously from $7.00) on shares of GoPro in a report on Tuesday. Longbow Research upgraded shares of GoPro from a neutral rating to a buy rating and lifted their price target for the stock from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of GoPro from a buy rating to a hold rating in a research note on Wednesday, November 29th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. GoPro presently has an average rating of Hold and a consensus price target of $8.74.
Shares of GoPro (NASDAQ GPRO) opened at $6.23 on Tuesday. GoPro has a fifty-two week low of $5.04 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08. The stock has a market cap of $909.32, a P/E ratio of -3.62, a P/E/G ratio of 8.36 and a beta of 0.53.
In other GoPro news, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the sale, the director now directly owns 99,459 shares in the company, valued at approximately $793,682.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of GoPro 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 704,907 shares of company stock worth $6,478,800. 28.58% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Argent Capital Management LLC bought a new stake in GoPro in the 3rd quarter valued at $1,028,000. Swiss National Bank increased its holdings in GoPro by 14.5% in the 2nd quarter. Swiss National Bank now owns 166,700 shares of the company’s stock valued at $1,355,000 after acquiring an additional 21,100 shares during the last quarter. Schwab Charles Investment Management Inc. increased 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 valued at $4,528,000 after acquiring an additional 101,157 shares during the last quarter. Wells Fargo & Company MN increased 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 valued at $2,376,000 after acquiring an additional 212,486 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in GoPro by 9.2% in the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock valued at $1,572,000 after acquiring an additional 16,243 shares during the last quarter. 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.