GoPro Inc. (NASDAQ:GPRO) posted its earnings results on Wednesday. The company reported ($0.52) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.20.
In other GoPro news, President Anthony John Bates sold 9,704 shares of GoPro stock in a transaction on Monday, June 6th. The shares were sold at an average price of $10.79, for a total transaction of $104,706.16. Following the completion of the sale, the president now owns 404,540 shares of the company’s stock, valued at approximately $4,364,986.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several research firms have recently weighed in on GPRO. Pacific Crest reissued a “hold” rating on shares of GoPro in a report on Monday, April 25th. Piper Jaffray Cos. restated an “underweight” rating and issued a $7.00 price target on shares of GoPro in a research report on Saturday, April 16th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $11.00 price target on shares of GoPro in a research report on Friday, April 15th. Oppenheimer Holdings Inc. restated a “market perform” rating and issued a $43.00 price target on shares of GoPro in a research report on Friday, July 15th. Finally, Zacks Investment Research upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.46.
GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.
