GoPro (NASDAQ:GPRO – Get Free Report) had its price target reduced by investment analysts at Wedbush from $2.00 to $1.50 in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has a “neutral” rating on the stock. Wedbush’s price objective would indicate a potential upside of 25.00% from the company’s previous close.
GoPro Stock Down 1.6 %
NASDAQ:GPRO traded down $0.02 during trading hours on Wednesday, hitting $1.20. 1,904,018 shares of the stock traded hands, compared to its average volume of 1,907,482. The firm has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.92. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. GoPro has a fifty-two week low of $1.16 and a fifty-two week high of $4.01. The firm has a market cap of $179.88 million, a price-to-earnings ratio of -0.51 and a beta of 1.61.
GoPro (NASDAQ:GPRO – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.01. GoPro had a negative net margin of 36.75% and a negative return on equity of 14.66%. The company had revenue of $186.22 million for the quarter, compared to the consensus estimate of $170.02 million. During the same period in the previous year, the business earned ($0.13) EPS. The company’s revenue was down 22.7% on a year-over-year basis. Equities research analysts anticipate that GoPro will post -0.53 earnings per share for the current year.
Hedge Funds Weigh In On GoPro
About GoPro
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
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