GoPro Inc (NASDAQ:GPRO) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a $9.72 price target on the stock. Vetr‘s target price suggests a potential upside of 9.58% from the company’s current price.

A number of other equities analysts have also weighed in on GPRO. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $9.00 target price on shares of GoPro in a research note on Thursday, December 1st. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of GoPro in a research note on Monday, February 6th. Pacific Crest reaffirmed a “hold” rating on shares of GoPro in a research note on Tuesday, January 24th. Wedbush set a $9.00 target price on shares of GoPro and gave the stock a “hold” rating in a research note on Wednesday, February 8th. Finally, Zacks Investment Research downgraded shares of GoPro from a “hold” rating to a “sell” rating in a research note on Monday, January 30th. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.25.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

Shares of GoPro (NASDAQ:GPRO) opened at 8.87 on Tuesday. The stock’s market capitalization is $1.26 billion. The stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $10.07. GoPro has a 52 week low of $7.14 and a 52 week high of $17.68.

GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, February 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. The business had revenue of $540.62 million for the quarter, compared to analyst estimates of $585.31 million. During the same quarter last year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, equities research analysts expect that GoPro will post ($0.07) EPS for the current year.

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In other news, Director Anthony John Bates sold 41,077 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $8.19, for a total value of $336,420.63. Following the completion of the transaction, the director now owns 208,617 shares in the company, valued at approximately $1,708,573.23. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian Mcgee sold 5,692 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $9.31, for a total transaction of $52,992.52. Following the completion of the transaction, the chief financial officer now owns 91,250 shares of the company’s stock, valued at approximately $849,537.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,668 shares of company stock valued at $738,432. Company insiders own 28.69% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new stake in GoPro during the third quarter valued at approximately $2,994,000. Teachers Advisors LLC increased its stake in GoPro by 234.8% in the third quarter. Teachers Advisors LLC now owns 1,091,694 shares of the company’s stock valued at $18,209,000 after buying an additional 765,645 shares during the period. Ameriprise Financial Inc. increased its stake in GoPro by 1,869.6% in the third quarter. Ameriprise Financial Inc. now owns 831,346 shares of the company’s stock valued at $13,867,000 after buying an additional 789,138 shares during the period. GAM Holding AG increased its stake in GoPro by 3.1% in the third quarter. GAM Holding AG now owns 367,200 shares of the company’s stock valued at $6,125,000 after buying an additional 11,000 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in GoPro during the fourth quarter valued at approximately $1,393,000. Hedge funds and other institutional investors own 33.16% of the company’s stock.

GoPro Company Profile

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.

5 Day Chart for NASDAQ:GPRO

To view Vetr’s full report, visit Vetr’s official website.

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