GoPro Inc (GPRO) Given “Market Perform” Rating at Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. restated their market perform rating on shares of GoPro Inc (NASDAQ:GPRO) in a research report released on Friday morning.

GPRO has been the subject of a number of other reports. Vetr upgraded GoPro from a buy rating to a strong-buy rating and set a $12.51 target price for the company in a research report on Thursday, November 24th. Robert W. Baird cut their target price on GoPro to $50.00 and set a neutral rating for the company in a research report on Tuesday, January 17th. Piper Jaffray Companies restated an underweight rating and issued a $8.00 target price on shares of GoPro in a research report on Tuesday, December 27th. Dougherty & Co restated a sell rating and issued a $6.00 target price on shares of GoPro in a research report on Tuesday, December 13th. Finally, Wedbush set a $9.00 target price on GoPro and gave the stock a hold rating in a research report on Wednesday, February 8th. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. GoPro presently has an average rating of Hold and a consensus price target of $10.24.

GoPro (NASDAQ:GPRO) traded down 0.93% during midday trading on Friday, hitting $8.49. The stock had a trading volume of 1,150,638 shares. GoPro has a one year low of $7.14 and a one year high of $17.68. The firm has a 50 day moving average price of $9.09 and a 200 day moving average price of $11.18. The stock’s market cap is $1.21 billion.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 2nd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. The firm earned $540.62 million during 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%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) earnings per share. Equities analysts expect that GoPro will post ($0.17) EPS for the current year.

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In other news, Director Michael E. Marks sold 30,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $9.22, for a total transaction of $276,600.00. Following the transaction, the director now directly owns 35,401 shares in the company, valued at approximately $326,397.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Sharon S. Zezima sold 6,297 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $9.16, for a total transaction of $57,680.52. Following the transaction, the general counsel now owns 70,662 shares in the company, valued at $647,263.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,668 shares of company stock worth $738,432. Company insiders own 28.69% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC bought a new position in GoPro during the third quarter valued at approximately $109,000. MSI Financial Services Inc boosted its position in GoPro by 42.9% in the third quarter. MSI Financial Services Inc now owns 6,812 shares of the company’s stock valued at $114,000 after buying an additional 2,044 shares in the last quarter. Seven Eight Capital LP bought a new position in GoPro during the fourth quarter valued at approximately $118,000. NEXT Financial Group Inc boosted its position in GoPro by 73.5% in the third quarter. NEXT Financial Group Inc now owns 7,175 shares of the company’s stock valued at $120,000 after buying an additional 3,040 shares in the last quarter. Finally, Allianz Asset Management AG bought a new position in GoPro during the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 33.16% of the company’s stock.

GoPro Company Profile

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.

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