ValuEngine upgraded shares of GoPro (NASDAQ:GPRO) from a strong sell rating to a sell rating in a research note released on Tuesday, June 12th.
A number of other research firms have also recently weighed in on GPRO. BidaskClub upgraded shares of GoPro from a strong sell rating to a sell rating in a research report on Tuesday, March 6th. Vetr lowered shares of GoPro from a strong-buy rating to a buy rating and set a $6.36 price objective for the company. in a research note on Tuesday, March 6th. Citigroup reissued a hold rating and set a $6.50 price target (up from $5.50) on shares of GoPro in a research report on Friday, March 9th. JPMorgan Chase & Co. set a $8.00 price target on shares of GoPro and gave the stock a hold rating in a report on Friday, May 4th. Finally, Wedbush reaffirmed a neutral rating and set a $6.00 price objective on shares of GoPro in a research note on Monday, April 30th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. GoPro presently has a consensus rating of Hold and an average target price of $7.48.
Shares of GoPro opened at $6.77 on Tuesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.04. GoPro has a 12-month low of $4.42 and a 12-month high of $11.89. The company has a market cap of $993.86 million, a P/E ratio of -6.39 and a beta of 0.24.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, May 3rd. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.04. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. The firm had revenue of $202.35 million for the quarter, compared to the consensus estimate of $182.26 million. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. equities research analysts anticipate that GoPro will post -0.54 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of GPRO. Indaba Capital Management L.P. purchased a new stake in GoPro in the first quarter valued at approximately $10,551,000. BlackRock Inc. increased its holdings in shares of GoPro by 9.1% in the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after purchasing an additional 629,370 shares during the period. Millennium Management LLC grew its holdings in GoPro by 310.4% during the fourth quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock worth $5,178,000 after acquiring an additional 517,298 shares during the period. Arnhold LLC acquired a new position in GoPro during the first quarter worth $1,627,000. Finally, SG Americas Securities LLC grew its holdings in GoPro by 464.7% during the first quarter. SG Americas Securities LLC now owns 388,031 shares of the company’s stock worth $1,859,000 after acquiring an additional 319,318 shares during the period. Institutional investors own 28.23% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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