GoPro (NASDAQ:GPRO) Upgraded to Sell by Vetr

GoPro (NASDAQ:GPRO) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, March 12th. The brokerage currently has a $5.00 price target on the stock. Vetr‘s price objective indicates a potential upside of 2.46% from the stock’s previous close.

A number of other research firms also recently weighed in on GPRO. JPMorgan Chase set a $9.00 price target on shares of GoPro and gave the company a “buy” rating in a report on Monday, January 8th. BidaskClub upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Citigroup reiterated a “hold” rating and issued a $6.50 target price (up previously from $5.50) on shares of GoPro in a report on Friday, March 9th. Zacks Investment Research downgraded shares of GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Longbow Research lowered shares of GoPro from a “buy” rating to a “neutral” rating and raised their price target for the stock from $7.16 to $13.00 in a research report on Monday, January 8th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.71.

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NASDAQ:GPRO traded down $0.03 during trading hours on Monday, reaching $4.88. 1,828,887 shares of the company’s stock were exchanged, compared to its average volume of 4,668,426. GoPro has a 12 month low of $4.42 and a 12 month high of $11.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55. The stock has a market capitalization of $698.76, a price-to-earnings ratio of -4.60 and a beta of 0.20.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $340.19 million. During the same period in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was down 38.1% on a year-over-year basis. sell-side analysts expect that GoPro will post -0.62 EPS for the current fiscal year.

In related news, CFO Brian Mcgee sold 11,124 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the transaction, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Sharon S. Zezima sold 14,966 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.60, for a total transaction of $83,809.60. The disclosure for this sale can be found here. Insiders own 28.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. boosted its holdings in shares of GoPro by 226.6% in the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the period. Principal Financial Group Inc. acquired a new position in shares of GoPro in the third quarter valued at approximately $139,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of GoPro by 235.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of GoPro in the third quarter valued at approximately $266,000. Finally, MUFG Securities EMEA plc boosted its holdings in shares of GoPro by 958.1% in the fourth quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock valued at $267,000 after buying an additional 31,952 shares during the period. Hedge funds and other institutional investors own 26.00% of the company’s stock.

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GoPro Company Profile

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 Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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