News headlines about GoPro (NASDAQ:GPRO) have trended somewhat positive recently, Alpha One Sentiment reports. Alpha One, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GoPro earned a news impact score of 0.25 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 16 out of 100, meaning that recent media coverage is very unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- GoPro Lower For Fourth Day In A Row (benzinga.com)
- Why GoPro Inc (GPRO) Stock Has Only One Real Hope Left (investorplace.com)
- GoPro Inc (GPRO) Stock: The Creative Magic Is Long Gone (investorplace.com)
- CES Asia shows where consumer tech is heading in one of its dominant markets (finance.yahoo.com)
- Why GoPro Inc (GPRO) Stock Is Proving to Be a Real a Buzz Kill (investorplace.com)
A number of research analysts have commented on GPRO shares. J P Morgan Chase & Co set a $12.00 price objective on GoPro and gave the company a “buy” rating in a report on Thursday, March 16th. Vetr lowered GoPro from a “strong-buy” rating to a “buy” rating and set a $9.55 price objective on the stock. in a report on Monday, March 20th. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Monday, March 20th. Barclays PLC reaffirmed an “equal weight” rating and issued a $10.00 price objective on shares of GoPro in a report on Friday, March 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $9.00 target price (down from $10.00) on shares of GoPro in a research report on Thursday, March 16th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.14.
GoPro (NASDAQ:GPRO) traded down 3.72% during trading on Friday, reaching $7.77. The company’s stock had a trading volume of 4,628,504 shares. GoPro has a 52-week low of $7.14 and a 52-week high of $17.68. The stock has a 50-day moving average price of $8.43 and a 200 day moving average price of $8.89. The company’s market cap is $1.12 billion.
GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Thursday, April 27th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.01. GoPro had a negative return on equity of 49.75% and a negative net margin of 34.63%. The firm had revenue of $218.61 million during the quarter, compared to analyst estimates of $206.23 million. During the same quarter in the previous year, the company posted ($0.63) earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year. On average, analysts expect that GoPro will post ($0.11) EPS for the current year.
In other GoPro news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total transaction of $348,735.24. Following the completion of the sale, the director now owns 142,011 shares of the company’s stock, valued at $1,205,673.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 28.69% of the company’s stock.
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GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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