GoPro Company Profile (NASDAQ:GPRO)

About GoPro (GPRO)

GoPro logoGoPro, 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. Its products include HERO line of capture devices. From extreme to mainstream, professional to consumer, GoPro enables the world to capture and share its passions in the form of immersive and engaging content. It develops product solutions to enable consumers to capture, manage, share and enjoy some of the important moments in their lives. GoPro integrates with mobile devices through the GoPro App, which enables engaging self-capture during virtually any activity. It offers two applications, including GoPro Studio and GoPro App, which facilitate posting of photos and videos directly to social networks and content platforms.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Photographic Equipment & Supplies
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: GPRO
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $8.40
  • 50 Day Moving Average: $8.91
  • 200 Day Moving Average: $11.02
  • 52-Week Range: $7.14 - $17.68
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 83.30
  • P/E Growth: 4.31
  • Market Cap: $1.18B
  • Outstanding Shares: 142,111,000
  • Beta: 0.74
Profitability:
  • Net Margins: -35.35%
  • Return on Equity: -44.14%
  • Return on Assets: -29.23%
Debt:
  • Debt-to-Equity Ratio: 0.08%
  • Current Ratio: 1.42%
  • Quick Ratio: 1.01%

Analyst Ratings

Consensus Ratings for GoPro (NASDAQ:GPRO) (?)
Ratings Breakdown: 8 Sell Ratings, 11 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.71)
Consensus Price Target: $10.32 (23.93% upside)

Analysts' Ratings History for GoPro (NASDAQ:GPRO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/18/2017Piper Jaffray CompaniesSet Price TargetSell$8.00LowView Rating Details
3/19/2017Raymond James Financial, Inc.Reiterated RatingUnderperformLowView Rating Details
3/17/2017Barclays PLCReiterated RatingEqual Weight$10.00LowView Rating Details
3/17/2017WedbushReiterated RatingSell -> NeutralMediumView Rating Details
3/17/2017Oppenheimer Holdings Inc.Reiterated RatingMarket PerformMediumView Rating Details
3/17/2017Robert W. BairdReiterated RatingUnderperform$6.00LowView Rating Details
3/16/2017JPMorgan Chase & Co.Set Price TargetBuy$12.00LowView Rating Details
3/16/2017Stifel NicolausReiterated RatingHold -> Hold$10.00 -> $9.00HighView Rating Details
3/16/2017Dougherty & CoReiterated RatingSell$5.00HighView Rating Details
3/16/2017Cowen and CompanyReiterated RatingMarket Perform$8.50HighView Rating Details
3/16/2017Citigroup IncUpgradeSell -> Neutral$9.00HighView Rating Details
3/16/2017Goldman Sachs Group IncBoost Price TargetSell$6.00 -> $6.50HighView Rating Details
2/3/2017FBN SecuritiesSet Price TargetHold$10.50 -> $10.00N/AView Rating Details
1/24/2017Pacific CrestReiterated RatingHoldN/AView Rating Details
1/18/2017Johnson RiceReiterated RatingBuyN/AView Rating Details
1/6/2017Longbow ResearchDowngradeNeutral -> Underperform$7.00N/AView Rating Details
12/16/2016Morgan StanleyReiterated RatingUnderweight$8.00N/AView Rating Details
12/1/2016Bank of America CorpReiterated RatingUnderperform$9.00N/AView Rating Details
11/10/2016Hilliard LyonsDowngradeNeutralN/AView Rating Details
9/26/2016BlueFin ResearchReiterated RatingaddN/AView Rating Details
8/31/2016KeyCorpReiterated RatingSector PerformN/AView Rating Details
2/4/2016Northland SecuritiesReiterated RatingBuy$20.00 -> $15.00N/AView Rating Details
2/4/2016Sterne Agee CRTDowngradeBuy -> Neutral$9.15 -> $10.00N/AView Rating Details
1/16/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
12/4/2015Cleveland ResearchReiterated RatingNeutralN/AView Rating Details
(Data available from 3/23/2015 forward)

Earnings

Earnings History for GoPro (NASDAQ:GPRO)
Earnings by Quarter for GoPro (NASDAQ:GPRO)
Earnings History by Quarter for GoPro (NASDAQ:GPRO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017        
2/2/2017Q416$0.22$0.29$585.31 million$540.62 millionViewListenView Earnings Details
11/3/2016Q316($0.35)($0.60)$315.89 million$240.57 millionViewN/AView Earnings Details
7/27/2016Q216($0.58)($0.52)$194.37 million$220.80 millionViewListenView Earnings Details
5/5/2016Q116($0.60)($0.63)$169.14 million$183.50 millionViewN/AView Earnings Details
2/3/2016Q415$0.03($0.08)$499.23 million$436.60 millionViewN/AView Earnings Details
10/28/2015Q315$0.29$0.25$435.33 million$400.34 millionViewListenView Earnings Details
7/21/2015Q215$0.26$0.35$395.17 million$419.92 millionViewListenView Earnings Details
4/28/2015Q115$0.18$0.24$340.99 million$363.10 millionViewN/AView Earnings Details
2/5/2015Q414$0.69$0.99$574.46 million$633.90 millionViewN/AView Earnings Details
10/30/2014Q312$0.08$0.12$263.90 million$280.00 millionViewN/AView Earnings Details
7/31/2014Q212$0.07$0.08$237.97 million$244.60 millionViewN/AView Earnings Details
4/30/2012$0.51$0.55ViewN/AView Earnings Details
2/13/2012$0.68$0.72ViewN/AView Earnings Details
11/2/2011$0.54$0.57ViewN/AView Earnings Details
7/28/2011$0.49$0.51ViewN/AView Earnings Details
4/28/2011$0.52$0.54ViewN/AView Earnings Details
2/15/2011$0.55$0.61ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for GoPro (NASDAQ:GPRO)
Current Year EPS Consensus Estimate: $-0.11 EPS
Next Year EPS Consensus Estimate: $0.10 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.66)($0.66)($0.66)
Q4 20161$0.09$0.09$0.09
Q1 20172($0.55)($0.55)($0.55)
Q2 20172($0.34)($0.26)($0.30)
Q3 20172($0.26)($0.23)($0.25)
Q4 20172$0.40$0.44$0.42
(Data provided by Zacks Investment Research)

Dividends

Dividend History for GoPro (NASDAQ:GPRO)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for GoPro (NASDAQ:GPRO)
Insider Ownership Percentage: 28.69%
Institutional Ownership Percentage: 33.16%
Insider Trades by Quarter for GoPro (NASDAQ:GPRO)
Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)
Insider Trades by Quarter for GoPro (NASDAQ:GPRO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/6/2017Anthony John BatesDirectorSell41,077$8.19$336,420.63View SEC Filing  
2/21/2017Brian McgeeCFOSell5,692$9.31$52,992.52View SEC Filing  
2/17/2017Charles J ProberCOOSell1,602$9.20$14,738.40View SEC Filing  
2/17/2017Michael E MarksDirectorSell30,000$9.22$276,600.00View SEC Filing  
2/17/2017Sharon S ZezimaGeneral CounselSell6,297$9.16$57,680.52View SEC Filing  
12/7/2016Anthony John BatesPresidentSell23,598$9.62$227,012.76View SEC Filing  
12/6/2016Anthony John BatesPresidentSell7,434$9.68$71,961.12View SEC Filing  
11/14/2016Brian McgeeCFOSell4,497$10.32$46,409.04View SEC Filing  
9/7/2016Anthony John BatesPresidentSell9,704$14.16$137,408.64View SEC Filing  
8/31/2016Michael E MarksDirectorSell264$14.94$3,944.16View SEC Filing  
8/19/2016Edward A GilhulyDirectorSell700,000$15.12$10,584,000.00View SEC Filing  
8/15/2016Michael E. MarksDirectorSell40,000$15.58$623,200.00View SEC Filing  
6/6/2016Anthony John BatesPresidentSell9,704$10.79$104,706.16View SEC Filing  
3/8/2016Sharon S ZezimaGeneral CounselSell1,649$12.58$20,744.42View SEC Filing  
3/4/2016Anthony John BatesPresidentSell9,757$14.03$136,890.71View SEC Filing  
12/7/2015Anthony John BatesPresidentSell7,434$17.61$130,912.74View SEC Filing  
11/30/2015Edward A GilhulyDirectorSell6,344$20.50$130,052.00View SEC Filing  
9/16/2015Sharon S. ZezimaGeneral CounselSell6,000$35.00$210,000.00View SEC Filing  
9/8/2015Anthony John BatesPresidentSell7,434$37.03$275,281.02View SEC Filing  
7/23/2015Edward A GilhulyDirectorSell253,400$64.46$16,334,164.00View SEC Filing  
7/22/2015Jack R LazarCFOSell75,000$61.42$4,606,500.00View SEC Filing  
6/15/2015Sharon S ZezimaGeneral CounselSell6,000$57.70$346,200.00View SEC Filing  
6/10/2015Anthony John BatesPresidentSell279,174$59.31$16,557,809.94View SEC Filing  
6/9/2015Anthony John BatesPresidentSell96,655$58.77$5,680,414.35View SEC Filing  
6/8/2015Anthony John BatesPresidentSell143,304$59.82$8,572,445.28View SEC Filing  
6/8/2015Jack R LazarCFOSell25,000$59.90$1,497,500.00View SEC Filing  
5/28/2015Edward A GilhulyDirectorSell700,000$56.81$39,767,000.00View SEC Filing  
5/27/2015Kenneth A GoldmanDirectorSell5,740$53.38$306,401.20View SEC Filing  
5/20/2015Edward A GilhulyDirectorSell260,000$51.84$13,478,400.00View SEC Filing  
5/15/2015Edward A GilhulyDirectorSell374,500$50.35$18,856,075.00View SEC Filing  
5/4/2015Edward A GilhulyDirectorSell265,500$50.63$13,442,265.00View SEC Filing  
3/26/2015Foxteq Holdings Inc.Major ShareholderSell200,000$43.18$8,636,000.00View SEC Filing  
3/16/2015Sharon S ZezimaGeneral CounselSell6,000$39.32$235,920.00View SEC Filing  
2/25/2015Edward A GilhulyDirectorSell250,000$44.20$11,050,000.00View SEC Filing  
2/20/2015Edward A GilhulyDirectorSell1,000,000$46.19$46,190,000.00View SEC Filing  
2/18/2015Michael E MarksDirectorSell5,000,000$46.56$232,800,000.00View SEC Filing  
12/3/2014Edward A GilhulyDirectorSell125,880$72.38$9,111,194.40View SEC Filing  
12/3/2014Foxteq Holdings Inc.Major ShareholderSell211,354$72.38$15,297,802.52View SEC Filing  
12/3/2014Nicholas WoodmanCEOSell837,647$72.38$60,628,889.86View SEC Filing  
11/25/2014Edward A GilhulyDirectorSell618,000$72.38$44,730,840.00View SEC Filing  
11/25/2014Foxteq Holdings Inc.Major ShareholderSell1,030,000$72.38$74,551,400.00View SEC Filing  
11/25/2014Jack R LazarCFOSell18,000$72.38$1,302,840.00View SEC Filing  
11/25/2014Nina RichardsonCOOSell18,750$72.38$1,357,125.00View SEC Filing  
11/25/2014Sharon S ZezimaGeneral CounselSell2,344$72.38$169,658.72View SEC Filing  
7/1/2014Edward A GilhulyDirectorSell624,167$22.56$14,081,207.52View SEC Filing  
7/1/2014Neil DanaMajor ShareholderSell658,443$22.56$14,854,474.08View SEC Filing  
7/1/2014Nicholas WoodmanCEOSell5,092,374$22.56$114,883,957.44View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for GoPro (NASDAQ:GPRO)
Latest Headlines for GoPro (NASDAQ:GPRO)
Source:
DateHeadline
News IconGoPro's (GPRO) "Market Perform" Rating Reaffirmed at Oppenheimer Holdings Inc. (NASDAQ:GPRO)
www.americanbankingnews.com - March 23 at 10:23 AM
News IconStifel Nicolaus Reiterates "Hold" Rating for GoPro Inc (GPRO) (NASDAQ:GPRO)
www.americanbankingnews.com - March 22 at 10:13 AM
News IconGoPro Inc (GPRO) Rating Reiterated by Dougherty & Co (NASDAQ:GPRO)
www.americanbankingnews.com - March 22 at 8:40 AM
News IconGoPro Inc (GPRO) Given Market Perform Rating at Cowen and Company (NASDAQ:GPRO)
www.americanbankingnews.com - March 22 at 8:40 AM
fool.com logoGoPro Inc. Soars on More Layoffs, But Don't Chase the Rally (NASDAQ:GPRO)
www.fool.com - March 20 at 9:02 PM
fool.com logoInvestors Are Betting Big Against GoPro Inc. -- Are They Wrong? (NASDAQ:GPRO)
www.fool.com - March 20 at 2:48 PM
News IconGoPro Inc (GPRO) Stock Rating Upgraded by Zacks Investment Research (NASDAQ:GPRO)
www.americanbankingnews.com - March 20 at 1:10 PM
fool.com logoCan GoPro Stock Keep Going After Last Week's 8% Pop? (NASDAQ:GPRO)
www.fool.com - March 19 at 10:43 AM
marketwatch.com logoIntel-funded drone company Yuneec lays off staff (NASDAQ:GPRO)
www.marketwatch.com - March 17 at 10:46 PM
investorplace.com logoLayoffs or Not, GoPro Inc (GPRO) Stock Is Losing an Uphill Battle (NASDAQ:GPRO)
investorplace.com - March 17 at 9:51 AM
bloomberg.com logoGoPro Surges After Job Cuts Bring Elusive Profit Goal Closer - Bloomberg (NASDAQ:GPRO)
www.bloomberg.com - March 17 at 7:58 AM
us.rd.yahoo.com logoGoPro Gets Serious About Bottom Line, Remains In A 'Concerning' Position (NASDAQ:GPRO)
us.rd.yahoo.com - March 17 at 12:42 AM
us.rd.yahoo.com logoGoPro Cuts More Jobs in Search of Profit (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
fool.com logoRealizing Smartphones Exist, GoPro Announces Restructuring (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
us.rd.yahoo.com logoGoPro Makes The Hard Choices; Will It Lead To Top-line Growth? (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
us.rd.yahoo.com logoDespite GoPro's Cost Cuts, Wall Street Is Still Plenty Skeptical About A Turnaround (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
thestreet.com logoDow, S&P 500 Retreat From Rally as Health Care Selloff Interrupts Fed Boost (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
us.rd.yahoo.com logoGoPro Keeps Sharks At Bay With Update, But Analysts Unsure (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
thestreet.com logoGoPro Upgraded to 'Buy' at Citi (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
bizjournals.com logoGoPro CEO Nick Woodman describes how the company 'failed' (video) (NASDAQ:GPRO)
us.rd.yahoo.com - March 16 at 6:44 PM
fool.com logoWhy GoPro, Barnes & Noble, and Seres Therapeutics Jumped Today (NASDAQ:GPRO)
www.fool.com - March 16 at 5:03 PM
investorplace.com logoGoPro Inc (GPRO) Stock Rebounds, But It’s Still a Dog (NASDAQ:GPRO)
investorplace.com - March 16 at 3:55 PM
seekingalpha.com logoGoPro upgraded from Sell to Neutral at Citi (NASDAQ:GPRO)
seekingalpha.com - March 16 at 3:54 PM
fool.com logoWhy GoPro, Inc. Stock Popped Today (NASDAQ:GPRO)
www.fool.com - March 16 at 3:16 PM
investorplace.com logoHow GoPro Inc (GPRO) Stock Could Stage a Comeback (NASDAQ:GPRO)
investorplace.com - March 16 at 1:25 PM
feeds.benzinga.com logoGoPro Positioning For Profitability Via Cost-Cutting, But Baird Remains Underperform (NASDAQ:GPRO)
feeds.benzinga.com - March 16 at 12:38 PM
feeds.benzinga.com logoMid-Day Market Update: U.S. Stocks Turn Negative; GoPro Shares Spike Higher (NASDAQ:GPRO)
feeds.benzinga.com - March 16 at 12:38 PM
thestreet.com logoGoPro Stock Taking Off on Positive Q1 Guidance: What Wall Street's Saying - TheStreet.com (NASDAQ:GPRO)
www.thestreet.com - March 16 at 12:19 PM
News IconStifel Nicolaus Trims GoPro Inc (GPRO) Target Price to $9.00 (NASDAQ:GPRO)
www.americanbankingnews.com - March 16 at 12:19 PM
investorplace.com logoHow GoPro Inc (GPRO) Stock Could Make a Comeback (NASDAQ:GPRO)
investorplace.com - March 16 at 11:35 AM
streetinsider.com logoGoPro (GPRO) Affirms Q1 2017 Revenue At The High End Of The Guidance; Cutting 270 Jobs (NASDAQ:GPRO)
www.streetinsider.com - March 15 at 10:52 PM
sg.finance.yahoo.com logoGoPro expects first-quarter revenue at top end of previous forecast (NASDAQ:GPRO)
us.rd.yahoo.com - March 15 at 10:52 PM
us.rd.yahoo.com logoGoPro Stock Jumps on Positive Q1 Outlook and Job Cuts (NASDAQ:GPRO)
us.rd.yahoo.com - March 15 at 10:52 PM
marketwatch.com logoGoPro says sudden job cuts won’t hinder product cycle (NASDAQ:GPRO)
us.rd.yahoo.com - March 15 at 10:52 PM
sg.finance.yahoo.com logoGoPro expects 1st-qtr revenue at top end of previous forecast (NASDAQ:GPRO)
us.rd.yahoo.com - March 15 at 10:52 PM
forbes.com logoTroubled GoPro Deepens Layoffs, Eliminating Positions In Media And Virtual Reality Divisions - Forbes (NASDAQ:GPRO)
www.forbes.com - March 15 at 9:33 PM
feeds.benzinga.com logoGoPro Spikes After Announcing Jobs Cuts, Expects To Be Profitable (NASDAQ:GPRO)
feeds.benzinga.com - March 15 at 6:18 PM
finance.yahoo.com logoGoPro Affirms Q1 2017 Revenue At The High End Of The Guidance Range And Targets Full-Year Non-GAAP Profitability For 2017 (NASDAQ:GPRO)
finance.yahoo.com - March 15 at 5:51 PM
nasdaq.com logoGoPro expects 1st-qtr revenue at top end of its forecast (NASDAQ:GPRO)
www.nasdaq.com - March 15 at 5:51 PM
rttnews.com logoGoPro Inc. (GPRO) Is Rising On Q1 Revenue Forecast (NASDAQ:GPRO)
www.rttnews.com - March 15 at 5:51 PM
seekingalpha.com logoGoPro +10.3%; Q1 2017 revenue expected at top end of guidance, FY 2017 profitability target reiterated, restructuring planned (NASDAQ:GPRO)
seekingalpha.com - March 15 at 5:15 PM
cnbc.com logoGoPro cuts 270 jobs, stock soars (NASDAQ:GPRO)
www.cnbc.com - March 15 at 4:25 PM
fool.com logoWhy GoPro, Inc. Fell 11% in February (NASDAQ:GPRO)
www.fool.com - March 15 at 11:15 AM
investorplace.com logoGoPro Stock Collapses to New All-Time Lows (GPRO) - Investorplace.com (NASDAQ:GPRO)
investorplace.com - March 15 at 2:52 AM
News IconGoPro Inc (GPRO) Stock Rating Reaffirmed by Dougherty & Co (NASDAQ:GPRO)
www.americanbankingnews.com - March 13 at 11:38 AM
fool.com logo3 Underdog Stocks We're Watching Closely (NASDAQ:GPRO)
www.fool.com - March 13 at 11:17 AM
seekingalpha.com logoSnap's fate could be similar to GoPro's - Barron's (NASDAQ:GPRO)
seekingalpha.com - March 12 at 10:45 AM
fool.com logoThe One Product GoPro Needs to Get Right in 2017 (NASDAQ:GPRO)
www.fool.com - March 10 at 10:11 AM
News IconGoPro Inc (GPRO) Now Covered by Citigroup Inc (NASDAQ:GPRO)
www.americanbankingnews.com - March 9 at 9:00 AM
us.rd.yahoo.com logoCan This Man Save GoPro? (NASDAQ:GPRO)
us.rd.yahoo.com - March 8 at 6:20 PM

Social

Frequently Asked Questions for GoPro (NASDAQ:GPRO)

What is GoPro's stock symbol?

GoPro trades on the NASDAQ under the ticker symbol "GPRO."

How were GoPro's earnings last quarter?

GoPro Inc (NASDAQ:GPRO) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $0.29 EPS for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.07. The business had revenue of $540.62 million for the quarter, compared to analysts' expectations of $585.31 million. GoPro had a negative return on equity of 44.14% and a negative net margin of 35.35%. The business's quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share.

When will GoPro make its next earnings announcement?

GoPro is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.

What guidance has GoPro issued on next quarter's earnings?

GoPro updated its fourth quarter earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $0.25-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $600-650 million, compared to the consensus revenue estimate of $669.83 million.

Where is GoPro's stock going? Where will GoPro's stock price be in 2017?

21 brokers have issued 1-year price targets for GoPro's stock. Their forecasts range from $5.00 to $43.00. On average, they expect GoPro's share price to reach $10.32 in the next year.

What are analysts saying about GoPro stock?

Here are some recent quotes from research analysts about GoPro stock:

  • 1. According to Zacks Investment Research, "GoPro has taken company-wide restructuring efforts, which include a combination of programs, to slash costs and boost profitability. Backed by these efforts, the company recently affirmed its first-quarter 2017 revenues at the upper end of the $190–$210 million range. Also, the company reiterated its target of full-year non-GAAP profitability and announced that it expects positive EBITDA for full-year 2017. Also, GoPro is exploring new revenue streams, including Virtual Reality and licensing content shot on its cameras to media companies. GoPro has also resumed Karma sales and plans to ramp production further. Despite these positives, over the past three months, GoPro shares have significantly underperformed the Zacks categorized Audio/Video Home Product industry’s average return. Multiple operational stumbles including product recalls, messed up launches, production delays and supply chain issues have added to the woes." (3/20/2017)
  • 2. Dougherty & Co analysts commented, "GoPro post-close Wednesday announced that 1) Q117 revenue would come in at the high end of guidance ($210MM) and 2) it would cut another 270 jobs (17% of its workforce) in a bid to reach non-GAAP profitability in 2017. This is now the third major headcount reduction since January 2016 and unfortunately we are of the view that it still doesn't go far enough. We believe the proper course of action here is a business designed around a 10% operating profit on annual camera sales of 3MM-4MM units; not barely making a profit on a hoped-for 5MM-6MM units. Valuation continues to look elevated considering shares have traded as low as 0.5 EV/S vs. the 0.8x it is currently trading at on new FY17 revenue estimate of $1.0B. Our $5PT is based on 0.5x EV/S our FY17 revenue estimate." (3/16/2017)
  • 3. Citigroup Inc analysts commented, "We are upgrading GoPro Shares to Neutral as we believe recent stabilization in revenue and another significant restructuring accelerates its path to profitability to 2017 from 2019. In our Mar. 3 initiation (GPRO: Initiate with Sell and $8 TP), we focused on GoPro's high opex vs. its prior profitability targets. To wit, mgmt. announced another $100M in opex cuts and guided for double-digit revenue growth in 2017 vs. our 5% growth est. EBITDA outlook is also now positive vs our prior cash burn est for 2017, lowering the risk GoPro taps its credit facility." (3/16/2017)
  • 4. FBN Securities analysts commented, "We reiterate our Sector Perform rating on GPRO and lower our PT from $10.50 to $10.00. The company reported a FQ4 revenue miss but beat on NG EPS due to opex management as NG opex of $182M (down 2% Q/Q) came in lower than our $196M estimate. However, there are several factors that cause us to remain neutral on the equity in spite of the large stock decline over the past year. One is that the company is guiding for FQ4 revenue of $190-210M, which is 21-28% below prior consensus of $265M. Secondly, we believe that channel inventory is still too high. The company noted that channel inventory declined by 15% Y/Y, but this is versus extremely elevated levels a year before. We believe that channel inventory could be around 12 weeks or so, above a more normal 6-8 week level. Note that distribution revenue grew by 170% Q/Q to $250M, which is 46% of revenue, up from 33% the year before and 39% in FQ3. Thirdly, even with the ~$100M annualized opex savings this year, we still model GPRO's NG EPS at -$.95, lower than our previous -$.28 estimate. Therefore, we remain neutral on the equity with a negative bent." (2/3/2017)

Are investors shorting GoPro?

GoPro saw a drop in short interest in February. As of February 28th, there was short interest totalling 30,979,368 shares, a drop of 4.6% from the February 15th total of 32,476,228 shares. Based on an average trading volume of 2,386,240 shares, the short-interest ratio is presently 13.0 days.

Who owns GoPro stock?

GoPro's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (1.24%), Pinnacle Associates Ltd. (0.99%), Commerzbank Aktiengesellschaft FI (0.52%), Hodges Capital Management Inc. (0.38%), Dimensional Fund Advisors LP (0.28%) and A.R.T. Advisors LLC (0.11%). Company insiders that own GoPro stock include Anthony John Bates, Brian Mcgee, Charles J Prober, Edward A Gilhuly, Foxteq Holdings Inc, Jack R Lazar, Kenneth A Goldman, Michael E Marks and Sharon S Zezima.

Who sold GoPro stock? Who is selling GoPro stock?

GoPro's stock was sold by a variety of institutional investors in the last quarter, including Pinnacle Associates Ltd., Raymond James Financial Services Advisors Inc., Dimensional Fund Advisors LP, Metropolitan Life Insurance Co. NY and Ladenburg Thalmann Financial Services Inc.. Company insiders that have sold GoPro stock in the last year include Anthony John Bates, Brian Mcgee, Charles J Prober, Edward A Gilhuly, Michael E Marks and Sharon S Zezima.

Who bought GoPro stock? Who is buying GoPro stock?

GoPro's stock was acquired by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Hodges Capital Management Inc., A.R.T. Advisors LLC, State Street Corp, Norges Bank, Russell Investments Group Ltd., Summit Global Investments and Frontier Wealth Management LLC.

How do I buy GoPro stock?

Shares of GoPro can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of GoPro stock cost?

One share of GoPro stock can currently be purchased for approximately $8.33.

GoPro (GPRO) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by MarketBeat.com Staff