GoPro (GPRO) Shares Up 5.2%

GoPro (GPRO) Shares Up 5.2%

GoPro Inc (NASDAQ:GPRO) shot up 5.2% during mid-day trading on Thursday . The stock traded as high as $6.88 and last traded at $6.67. 17,924,814 shares were traded during mid-day trading, an increase of 366% from the average session volume of 3,845,863 shares. The stock had previously closed at $6.34.

Several brokerages have issued reports on GPRO. BidaskClub upgraded GoPro from a “hold” rating to a “buy” rating in a report on Thursday. Longbow Research restated a “hold” rating on shares of GoPro in a report on Tuesday, April 9th. Zacks Investment Research downgraded GoPro from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Wedbush restated a “neutral” rating and issued a $6.00 price target on shares of GoPro in a report on Thursday, January 31st. Finally, ValuEngine upgraded GoPro from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.72.

The company has a quick ratio of 1.19, a current ratio of 1.58 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.00 billion, a PE ratio of -14.50, a PEG ratio of 9.28 and a beta of 0.69.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06. The business had revenue of $377.38 million during the quarter, compared to the consensus estimate of $374.28 million. GoPro had a negative return on equity of 34.77% and a negative net margin of 9.49%. GoPro’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned ($0.30) earnings per share. Equities analysts expect that GoPro Inc will post 0.06 EPS for the current fiscal year.
In related news, CEO Nicholas Woodman sold 1,400,000 shares of the stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $6.52, for a total transaction of $9,128,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Mcgee sold 19,526 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total value of $117,937.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,713,050 shares of company stock valued at $22,903,257. 26.61% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new position in GoPro in the fourth quarter valued at approximately $44,000. Blueshift Asset Management LLC bought a new position in GoPro in the fourth quarter valued at approximately $47,000. Penserra Capital Management LLC grew its stake in GoPro by 50.0% in the first quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock valued at $59,000 after purchasing an additional 3,062 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in GoPro by 55.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after purchasing an additional 5,829 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in GoPro by 36.6% in the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after purchasing an additional 4,395 shares in the last quarter. Hedge funds and other institutional investors own 40.95% of the company’s stock.

GoPro Company Profile (NASDAQ:GPRO)

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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