Several other analysts have also recently commented on the stock. J P Morgan Chase & Co raised their price target on shares of GoPro from $13.00 to $15.00 and gave the stock an overweight rating in a report on Thursday, September 7th. Wedbush reiterated a neutral rating on shares of GoPro in a research note on Thursday, October 26th. Vetr upgraded shares of GoPro from a sell rating to a strong-buy rating and set a $11.55 price objective for the company in a research note on Thursday, October 19th. Longbow Research upgraded shares of GoPro from a neutral rating to a buy rating and boosted their price objective for the stock from $9.60 to $13.00 in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on shares of GoPro from $8.50 to $9.50 and gave the stock an equal weight rating in a research report on Friday, September 8th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $9.68.
GoPro (GPRO) traded down $0.17 during mid-day trading on Thursday, hitting $8.21. 4,078,800 shares of the company’s stock were exchanged, compared to its average volume of 4,369,813. 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 has a one year low of $7.14 and a one year high of $11.89.
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In other GoPro news, COO Charles J. Prober sold 24,918 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the transaction, the chief operating officer now directly owns 148,493 shares in the company, valued at approximately $1,633,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was 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 731,687 shares of company stock valued at $6,823,098 in the last 90 days. Corporate insiders own 28.58% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. lifted its holdings in GoPro by 5.4% in the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock worth $112,000 after buying an additional 704 shares during the period. Amalgamated Bank lifted its stake in shares of GoPro by 14.6% in the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after purchasing an additional 1,858 shares during the period. Essex Investment Management Co. LLC purchased a new position in shares of GoPro in the 3rd quarter valued at approximately $122,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of GoPro by 195.5% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock valued at $132,000 after purchasing an additional 10,750 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of GoPro in the 3rd quarter valued at approximately $139,000. Institutional investors and hedge funds own 23.54% of the company’s stock.
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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