GoPro (GPRO) Given a $9.00 Price Target at JPMorgan Chase & Co.

GoPro (NASDAQ:GPRO) has been given a $9.00 price target by JPMorgan Chase & Co. in a report issued on Monday, January 8th. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 44.46% from the stock’s previous close.

GPRO has been the subject of a number of other reports. Vetr downgraded GoPro from a “buy” rating to a “hold” rating and set a $11.84 price target for the company. in a report on Monday, September 18th. Wedbush reaffirmed a “neutral” rating on shares of GoPro in a report on Thursday, October 26th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.60 to $13.00 in a report on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Bank of America lifted their price target on GoPro from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. GoPro presently has an average rating of “Hold” and a consensus price target of $8.74.

GoPro (NASDAQ:GPRO) traded up $0.08 during trading hours on Monday, reaching $6.23. The company had a trading volume of 5,147,800 shares, compared to its average volume of 12,322,444. The stock has a market capitalization of $909.32, a price-to-earnings ratio of -3.62 and a beta of 0.53. GoPro has a 52-week low of $5.04 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.14. GoPro had a negative return on equity of 15.90% and a negative net margin of 17.52%. equities analysts anticipate that GoPro will post -0.87 earnings per share for the current fiscal year.

In other GoPro news, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the sale, the chief financial officer now owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $9.30, for a total value of $4,789,500.00. The disclosure for this sale can be found here. Insiders sold a total of 704,907 shares of company stock worth $6,478,800 in the last 90 days. 28.58% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new stake in GoPro in the 3rd quarter valued at approximately $122,000. Principal Financial Group Inc. purchased a new stake in shares of GoPro during the 3rd quarter worth approximately $139,000. Nomura Holdings Inc. boosted its stake in shares of GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after acquiring an additional 704 shares in the last quarter. Amalgamated Bank boosted its stake in shares of GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after acquiring an additional 1,858 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of GoPro by 226.6% during the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock worth $125,000 after acquiring an additional 11,500 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

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About GoPro

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.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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