GoPro (NASDAQ:GPRO)‘s stock had its “hold” rating reissued by stock analysts at Wedbush in a research report issued on Thursday, September 20th, MarketBeat Ratings reports. They presently have a $7.00 target price on the stock. Wedbush’s target price suggests a potential upside of 8.19% from the stock’s current price.

A number of other research firms have also weighed in on GPRO. JPMorgan Chase & Co. set a $7.00 price objective on GoPro and gave the stock a “hold” rating in a research report on Tuesday, July 31st. BidaskClub lowered GoPro from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Cowen reaffirmed a “hold” rating and set a $6.00 price objective on shares of GoPro in a research report on Friday, August 3rd. Zacks Investment Research lowered GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.05.

Shares of GoPro stock traded up $0.28 during trading hours on Thursday, reaching $6.47. 4,840,563 shares of the company were exchanged, compared to its average volume of 4,236,599. GoPro has a 1 year low of $4.42 and a 1 year high of $10.70. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.07 billion, a P/E ratio of -6.10 and a beta of 0.21.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. The business had revenue of $282.70 million for the quarter, compared to analyst estimates of $270.27 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Sell-side analysts predict that GoPro will post -0.54 earnings per share for the current year.

In related news, CFO Brian Mcgee sold 5,452 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $5.86, for a total transaction of $31,948.72. Following the completion of the transaction, the chief financial officer now owns 108,411 shares in the company, valued at $635,288.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 26.61% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in GoPro in the third quarter valued at $143,000. Raymond James Financial Services Advisors Inc. acquired a new position in GoPro in the second quarter valued at $172,000. BB&T Securities LLC acquired a new position in GoPro in the second quarter valued at $233,000. Koch Industries Inc. acquired a new position in GoPro in the first quarter valued at $296,000. Finally, Trexquant Investment LP acquired a new position in GoPro in the second quarter valued at $336,000. Institutional investors own 30.88% of the company’s stock.

About GoPro

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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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Analyst Recommendations for GoPro (NASDAQ:GPRO)

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