Other analysts have also issued reports about the company. JPMorgan Chase & Co. set a $9.00 target price on GoPro and gave the company a buy rating in a research note on Monday, January 8th. Zacks Investment Research lowered GoPro from a buy rating to a hold rating in a research note on Wednesday, November 29th. Citigroup restated a hold rating and issued a $6.50 target price (up from $5.50) on shares of GoPro in a research note on Friday, March 9th. Wedbush restated a neutral rating and issued a $6.00 target price (down from $10.50) on shares of GoPro in a research note on Tuesday, January 9th. Finally, Longbow Research lowered GoPro from a buy rating to a neutral rating and boosted their target price for the company from $7.16 to $13.00 in a research note on Monday, January 8th. Nine research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The company presently has a consensus rating of Hold and an average target price of $7.77.
Shares of GoPro (NASDAQ GPRO) opened at $5.61 on Monday. The company has a market capitalization of $820.10, a price-to-earnings ratio of -7.38 and a beta of 0.13. GoPro has a fifty-two week low of $5.04 and a fifty-two week high of $11.89. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.
In related news, SVP Sharon S. Zezima sold 14,966 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total transaction of $83,809.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the sale, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. Insiders own 28.58% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Canyon Capital Advisors LLC bought a new stake in shares of GoPro during the 4th quarter valued at $379,000. MetLife Investment Advisors LLC bought a new stake in shares of GoPro during the 4th quarter valued at $378,000. Millennium Management LLC raised its stake in shares of GoPro by 310.4% during the 4th quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after purchasing an additional 517,298 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of GoPro by 235.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after purchasing an additional 21,501 shares during the period. Finally, Fred Alger Management Inc. raised its stake in shares of GoPro by 1.3% during the 4th quarter. Fred Alger Management Inc. now owns 873,943 shares of the company’s stock valued at $6,616,000 after purchasing an additional 11,560 shares during the period. Institutional investors own 26.03% of the company’s stock.
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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.
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