GoPro (NASDAQ:GPRO) Earning Somewhat Favorable Press Coverage, Report Shows

Geronimo Vena
Agosto 2, 2017

"(GPRO) Stock Rating Reaffirmed by Wedbush" was first reported by Week Herald and is the sole property of of Week Herald.

For the Current Quarter, the growth estimate for GoPro, Inc.is 51.9%, while for the Next Quarter the stock growth estimate is 78.3%. Finally, J P Morgan Chase & Co set a $12.00 price target on shares of GoPro and gave the stock a "buy" rating in a research report on Thursday, March 16th. Morgan Stanley upgraded shares of GoPro from an "underweight" rating to an "equal weight" rating and set a $7.50 target price for the company in a research report on Monday. Citigroup Inc. raised shares of GoPro from a "sell" rating to a "neutral" rating and set a $9.00 price objective for the company in a research note on Thursday, March 16th. BidaskClub downgraded shares of GoPro from a "sell" rating to a "strong sell" rating in a research report on Tuesday, June 20th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $9.00 target price on shares of GoPro in a report on Monday, April 17th. Nine equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the past year is $8.11.

Shares of GoPro (GPRO) traded down 1.94% during trading on Monday, reaching $8.08.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) 52-week high price stands at $17.68 and low price stands at $7.14, its price distance from 52-week high is -53.39% while its distance from 52-week low price is 15.33%. The firm has a 50 day moving average of $8.08 and a 200 day moving average of $8.64.

GoPro, Inc. (GPRO) has the market capitalization of $1.18 Billion.

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In related news, Director Anthony John Bates sold 41,076 shares of the firm's stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total transaction of $348,735.24. Following the sale, the director now directly owns 142,011 shares in the company, valued at $1,205,673.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Currently Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 35.1%.

Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s revenue estimates for the current quarter are $269.56 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $277 Million in contradiction of low revenue estimates of $257.74 Million. Raymond James Financial Services Advisors Inc. increased its stake in shares of GoPro by 3.4% in the first quarter. State Street Corp boosted its stake in GoPro by 5.1% in the fourth quarter. Its book value per share for the most recent quarter is $2.56 while its price to book ratio for the same period is 3.22, as for as the company's cash per share for the most recent quarter is $0.52, however its price to cash per share ratio for the same period is 15.75. Financial Architects Inc increased its stake in shares of GoPro by 15.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company's stock valued at $183,000 after buying an additional 695 shares in the last quarter. Allianz Asset Management AG purchased a new position in shares of GoPro during the fourth quarter worth about $124,000.

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