GoPro (NASDAQ:GPRO)'s stock had its "buy" rating restated by equities researchers at Oppenheimer in a research note issued to investors on Tuesday, TipRanks reports. They currently have a $7.00 price target on the stock. Oppenheimer's price objective would suggest a potential upside of 44.93% from the stock's previous close.
GPRO has been the topic of a number of other reports. Morgan Stanley lifted their price target on GoPro from $2.20 to $2.50 and gave the company an "underweight" rating in a report on Friday, May 8th. Wedbush lifted their price target on GoPro from $2.50 to $3.50 and gave the company a "neutral" rating in a report on Friday, May 8th. TheStreet downgraded GoPro from a "c-" rating to a "d+" rating in a report on Thursday, April 23rd. Zacks Investment Research downgraded GoPro from a "buy" rating to a "hold" rating and set a $4.75 price target on the stock. in a report on Friday, May 29th. Finally, BidaskClub raised GoPro from a "buy" rating to a "strong-buy" rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. GoPro currently has an average rating of "Hold" and an average target price of $4.05.
GPRO opened at $4.83 on Tuesday. The stock's fifty day moving average is $4.58 and its two-hundred day moving average is $3.83. The company has a market capitalization of $754.78 million, a P/E ratio of -13.05 and a beta of 1.46. GoPro has a 52 week low of $2.00 and a 52 week high of $5.95. The company has a quick ratio of 0.94, a current ratio of 1.74 and a debt-to-equity ratio of 1.19.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.34) EPS for the quarter, hitting the consensus estimate of ($0.34). The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $119.10 million. GoPro had a negative return on equity of 19.12% and a negative net margin of 5.02%. GoPro's quarterly revenue was down 50.8% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. Equities analysts anticipate that GoPro will post -0.57 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. State Street Corp increased its holdings in GoPro by 15.6% in the 1st quarter. State Street Corp now owns 2,977,976 shares of the company's stock worth $7,802,000 after buying an additional 401,711 shares during the period. Royal Bank of Canada increased its holdings in GoPro by 89.3% in the 1st quarter. Royal Bank of Canada now owns 39,860 shares of the company's stock worth $104,000 after buying an additional 18,798 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of GoPro by 35.2% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 24,328 shares of the company's stock worth $64,000 after purchasing an additional 6,337 shares during the period. Castle Rock Wealth Management LLC grew its stake in shares of GoPro by 26.1% during the 1st quarter. Castle Rock Wealth Management LLC now owns 14,500 shares of the company's stock worth $55,000 after purchasing an additional 3,000 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of GoPro during the 1st quarter worth approximately $79,000. Institutional investors own 48.18% of the company's stock.
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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