GoPro Inc (NASDAQ:GPRO) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $9.55 price target on the stock. Vetr‘s target price indicates a potential upside of 7.67% from the company’s current price.

GPRO has been the topic of a number of other research reports. FBN Securities set a $10.00 price target on GoPro and gave the stock a “hold” rating in a research report on Friday, February 3rd. Zacks Investment Research raised GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Dougherty & Co reissued a “sell” rating and set a $5.00 price target on shares of GoPro in a research report on Tuesday, March 7th. Raymond James Financial, Inc. reissued an “underperform” rating and set a $6.00 price target (down previously from $10.00) on shares of GoPro in a research report on Friday, February 3rd. Finally, Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $9.00 target price on shares of GoPro in a research report on Thursday, December 1st. Eight research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.25.

Analyst Recommendations for GoPro (NASDAQ:GPRO)

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

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

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In other news, Director Anthony John Bates sold 41,077 shares of the stock in a transaction on Monday, March 6th. The stock was 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 directly owns 208,617 shares in the company, valued at approximately $1,708,573.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Marks sold 30,000 shares of the stock in a transaction on Friday, February 17th. The shares were sold at an average price of $9.22, for a total value of $276,600.00. Following the completion of the transaction, the director now owns 35,401 shares of the company’s stock, valued at $326,397.22. The disclosure for this sale can be found here. Insiders sold a total of 84,668 shares of company stock valued at $738,432 over the last quarter. 28.69% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in GoPro by 7.7% in the third quarter. BlackRock Fund Advisors now owns 2,653,433 shares of the company’s stock worth $44,259,000 after buying an additional 190,014 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in GoPro by 17.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,557,618 shares of the company’s stock worth $42,661,000 after buying an additional 380,452 shares during the last quarter. State Street Corp increased its stake in GoPro by 5.1% in the fourth quarter. State Street Corp now owns 1,738,421 shares of the company’s stock worth $15,142,000 after buying an additional 84,601 shares during the last quarter. Morgan Stanley increased its stake in GoPro by 53.7% in the third quarter. Morgan Stanley now owns 1,621,210 shares of the company’s stock worth $27,041,000 after buying an additional 566,346 shares during the last quarter. Finally, 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 worth $18,209,000 after buying an additional 765,645 shares during the last quarter. Institutional investors and hedge funds own 33.16% of the company’s stock.

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.

5 Day Chart for NASDAQ:GPRO

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