GoPro Company Profile (NASDAQ:GPRO)

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

GoPro, Inc. (NASDAQ:GPRO) released its earnings results on Thursday, August, 3rd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.20. The business earned $296.52 million during the quarter, compared to analyst estimates of $268.94 million. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The business's quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.52) earnings per share. View GoPro's Earnings History.

GoPro issued an update on its third quarter earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of ($0.11)-($0.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). The company issued revenue guidance of $290-310 million, compared to the consensus revenue estimate of $279.32 million.

21 brokerages have issued 1-year price objectives for GoPro's stock. Their forecasts range from $5.00 to $12.00. On average, they expect GoPro's share price to reach $8.44 in the next twelve months. View Analyst Ratings for GoPro.

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

• 1. According to Zacks Investment Research, "After just one quarter of posting profits, GoPro earnings went back to the red. Still, the company’s first-quarter 2017 adjusted loss trumped the Zacks Consensus Estimate by 1.9%. Revenues grew over 19% year over year, driven by robust sales of the latest Hero5 cameras, the re-launch of Karma and strong accessory revenue. GoPro is undergoing intense restructuring to cut costs and streamline its supply chain. GoPro is also making strategic investments in talent, technology, software and innovative products. However, the fact remains that GoPro has faced multiple operational stumbles in the recent past, including product recalls, messed up launches, production delays and supply chain issues. Stiff competition and ongoing sluggishness in the wearable camera market have translated into challenging times ahead for GoPro, and these factors might continue to hurt GoPro’s performance in the future." (5/16/2017)
• 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)

GoPro saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 27,369,024 shares, a drop of 4.6% from the July 14th total of 28,698,352 shares. Based on an average trading volume of 1,902,871 shares, the days-to-cover ratio is currently 14.4 days. Currently, 25.8% of the shares of the company are sold short.

Some companies that are related to GoPro include Steven Madden (SHOO), Regal Entertainment Group (RGC), Corus Entertainment (CJREF), DeVry Education Group (ATGE), Planet Fitness (PLNT), Deckers Outdoor Corporation (DECK), Thomas Cook Grp (TCKGY), Penn National Gaming (PENN), La Quinta Holdings (LQ), Central Garden & Pet Company (CENT), Masonite International Corporation (DOOR), Caesars Entertainment Corporation (CZR), AMC Entertainment Holdings (AMC), Party City Holdco (PRTY), NutriSystem (NTRI), World Wrestling Entertainment (WWE), Emerald Expositions Events (EEX) and MSG Networks (MSGN).

GoPro's management team includes the folowing people:

• Nicholas Woodman, Chairman of the Board, Chief Executive Officer
• Brian McGee, Chief Financial Officer
• Charles J. Prober, Chief Operating Officer
• Sharon Zezima, General Counsel, Corporate Secretary
• Kenneth A. Goldman, lead independent director
• Anthony John Bates, Director
• Alexander Lurie, Director
• Susan M. Lyne, Director
• Peter C. Gotcher, Independent Director

GoPro's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.93%), State Street Corp (1.41%), Fred Alger Management Inc. (0.61%), Northern Trust Corp (0.47%), JPMorgan Chase & Co. (0.40%) and Schwab Charles Investment Management Inc. (0.39%). Company insiders that own GoPro stock include Anthony John Bates, Brian Mcgee, Charles J Prober, Edward A Gilhuly, Michael E Marks and Sharon S Zezima. View Institutional Ownership Trends for GoPro.

GoPro's stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Commerzbank Aktiengesellschaft FI, SG Americas Securities LLC, Menta Capital LLC, Bank of New York Mellon Corp, Fred Alger Management Inc., Royal Bank of Canada and Alliancebernstein L.P.. Company insiders that have sold GoPro stock in the last year include Anthony John Bates, Brian Mcgee, Charles J Prober, Michael E Marks and Sharon S Zezima. View Insider Buying and Selling for GoPro.

GoPro's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Capital Fund Management S.A., Wells Fargo & Company MN, Engineers Gate Manager LP, State Street Corp, Quantbot Technologies LP, Schwab Charles Investment Management Inc. and ETF Managers Group LLC. View Insider Buying and Selling for GoPro.

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.

One share of GoPro stock can currently be purchased for approximately $8.76.