GoPro (NASDAQ:GPRO) Lifted to “Sell” at BidaskClub

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BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a strong sell rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the company. Longbow Research restated a hold rating on shares of GoPro in a report on Tuesday, April 9th. Wedbush set a $38.00 price target on Obseva and gave the stock a buy rating in a report on Friday, May 10th. Zacks Investment Research cut G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. ValuEngine cut WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. set a €52.00 ($60.47) price target on Vonovia and gave the stock a buy rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $7.44.

GPRO opened at $5.48 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.19 and a current ratio of 1.69. The stock has a 50 day moving average price of $5.95. GoPro has a 1-year low of $4.00 and a 1-year high of $7.64.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $234.41 million. GoPro had a negative return on equity of 15.82% and a negative net margin of 4.80%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.34) EPS. As a group, equities research analysts forecast that GoPro will post 0.15 earnings per share for the current fiscal year.

In other GoPro news, SVP Sandor Barna sold 21,642 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $7.49, for a total transaction of $162,098.58. Following the sale, the senior vice president now owns 189,223 shares in the company, valued at approximately $1,417,280.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nicholas Woodman sold 550,845 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $6.02, for a total value of $3,316,086.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,723,544 shares of company stock worth $22,623,289. 22.34% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Blueshift Asset Management LLC purchased a new position in shares of GoPro during the 4th quarter worth $47,000. Penserra Capital Management LLC lifted its stake in shares of GoPro by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after purchasing an additional 3,062 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of GoPro by 55.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock worth $69,000 after purchasing an additional 5,829 shares during the period. Amalgamated Bank purchased a new position in shares of GoPro during the 4th quarter worth $72,000. Finally, Menta Capital LLC purchased a new position in shares of GoPro during the 1st quarter worth $74,000. Hedge funds and other institutional investors own 47.83% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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