GPRO Stock: GoPro Receives “Neutral” Rating from Wedbush

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Wedbush restated their neutral rating on shares of GoPro (NASDAQ:GPRO) in a research report released on Tuesday, January 9th, Marketbeat.com reports. The firm currently has a $6.00 price objective on the stock, down from their previous price objective of $10.50. Wedbush also issued estimates for GoPro’s Q4 2017 earnings at $0.07 EPS, FY2017 earnings at ($0.57) EPS, Q1 2018 earnings at ($0.35) EPS, Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.46) EPS.

Several other research firms also recently weighed in on GPRO. Vetr downgraded shares of GoPro from a buy rating to a hold rating and set a $11.84 price target on the stock. in a research report on Monday, September 18th. Oppenheimer reiterated a hold rating on shares of GoPro in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of GoPro from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Wednesday, October 4th. Dougherty & Co raised their price objective on shares of GoPro from $5.00 to $7.00 and gave the company a sell rating in a research report on Monday, October 2nd. Finally, Citigroup decreased their price objective on shares of GoPro from $11.00 to $10.00 and set a neutral rating on the stock in a research report on Thursday, November 2nd. 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 issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $8.74.

GoPro (NASDAQ:GPRO) traded up $0.08 during trading hours on Tuesday, hitting $6.23. 5,147,800 shares of the stock were exchanged, compared to its average volume of 12,322,444. GoPro has a 1 year low of $5.04 and a 1 year high of $11.89. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $934.14, a PE ratio of -3.62 and a beta of 0.53.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%. sell-side analysts forecast that GoPro will post -0.87 EPS for the current year.

In related news, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $8.23, for a total transaction of $62,062.43. Following the completion of the sale, the chief financial officer now owns 79,167 shares in the company, valued at approximately $651,544.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony John Bates sold 17,023 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total transaction of $135,843.54. Following the completion of the sale, the director now owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 704,907 shares of company stock valued at $6,478,800. 28.58% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of GPRO. Schwab Charles Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 101,157 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of GoPro by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after purchasing an additional 763 shares in the last quarter. Swiss National Bank raised its holdings in shares of 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 purchasing an additional 21,100 shares in the last quarter. Cipher Capital LP bought a new stake in shares of GoPro in the 2nd quarter valued at about $281,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of GoPro by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock valued at $4,658,000 after purchasing an additional 12,530 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About GoPro

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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