Several other research analysts have also recently weighed in on GPRO. On July 31, 2017 the stock rating was changed to "Equal-Weight" by Morgan Stanley which was a boost from the previous "Underweight" rating.
On August 4, 2017 the stock rating was set at "Market Perform" according to a Raymond James report which is up from the previous "Market Perform" rating. ValuEngine upgraded GoPro from a strong sell rating to a sell rating in a report on Friday, June 2nd.
Of the 14 analysts tracking GoPro, one gave the stock a "buy" recommendation, and ten analysts recommended "hold".
11 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 514.45 million while high and low sale targets are estimated at 552.66 million and 456.07 million respectively.
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Following trading activity for GoPro, Inc.(NASDAQ:GPRO), we can see that the stock has moved onto today's list of most actives. 10,936,838 shares of the company's stock traded hands. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $17.68. The company's 50 day moving average is $9.08 and its 200-day moving average is $8.61.
GoPro, Inc. (GPRO) has the market capitalization of $1.47 Billion.
GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, August 3rd.
As of quarter end Mufg Securities Emea Plc had sold 3,359 shares trimming its position 3.7%. GoPro had a negative net margin of 35.35% and a negative return on equity of 44.14%. The company had revenue of $296.52 million during the quarter, compared to the consensus estimate of $268.94 million.
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In the last earnings report the EPS was $-2.59 and is expected to be $-0.05 for the current year with 135,633,000 shares now outstanding. GoPro's revenue was up 34.3% compared to the same quarter past year. Finally, BidaskClub downgraded GoPro from a hold rating to a sell rating in a report on Saturday, August 19th. If you are reading this news story on another publication, it was illegally copied and republished in violation of USA & global copyright legislation. Pacific Crest reaffirmed a hold rating on shares of GoPro in a research note on Tuesday, January 24th.
Director, Bates Anthony John, sold 41,076 common shares of GoPro, Inc. The shares were sold at an average price of $10.32, for a total transaction of $46,409.04. After this sale, 142,011 common shares of GPRO are directly owned by the insider, with total stake valued at $1,457,033. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
For the Current Quarter, the growth estimate for GoPro, Inc.is 91.7%, while for the Next Quarter the stock growth estimate is 86.2%.
Wedbush reaffirmed their neutral rating on shares of GoPro, Inc. Schwab Charles Investment Management Inc. now owns 455,706 shares of the company's stock valued at $3,965,000 after buying an additional 23,697 shares during the last quarter. Amalgamated Bank lifted its position in GoPro by 14.6% during the 2nd quarter. As of quarter end Ubs Group Ag had acquired 7,131 shares growing its stake by 10.7%. State Street Corp lifted its position in shares of GoPro by 3.2% in the 1st quarter. Stifel Financial Corp now owns 59,343 shares of the company's stock worth $482,000 after acquiring an additional 813 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of GoPro by 44.1% in the third quarter.
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