GoPro, Inc. (NASDAQ:GPRO) was the target of unusually large options trading activity on Thursday. Stock investors purchased 25,532 call options on the company. This represents an increase of approximately 611% compared to the typical volume of 3,591 call options.
A number of analysts recently issued reports on GPRO shares. Vetr upgraded shares of GoPro from a “buy” rating to a “strong-buy” rating and set a $9.04 price target for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co restated an “overweight” rating and issued a $13.00 price target on shares of GoPro in a research note on Saturday, August 26th. Morgan Stanley upgraded shares of GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 price target for the company in a research note on Monday, July 31st. They noted that the move was a valuation call. Dougherty & Co restated a “sell” rating and issued a $5.00 price target on shares of GoPro in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. GoPro has an average rating of “Hold” and an average target price of $8.75.
In related news, Director Anthony John Bates sold 25,529 shares of GoPro stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now owns 116,482 shares in the company, valued at $1,184,621.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.69% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Nomura Holdings Inc. increased its stake in shares of GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after buying an additional 704 shares in the last quarter. State Street Corp increased its stake in shares of GoPro by 6.7% in the second quarter. State Street Corp now owns 1,914,069 shares of the company’s stock valued at $15,563,000 after buying an additional 120,250 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of GoPro in the second quarter valued at $589,000. ETF Managers Group LLC acquired a new stake in shares of GoPro in the second quarter valued at $652,000. Finally, UBS Oconnor LLC acquired a new stake in shares of GoPro in the second quarter valued at $528,000. Institutional investors own 24.40% of the company’s stock.
Shares of GoPro (NASDAQ GPRO) opened at 10.92 on Tuesday. GoPro has a 12-month low of $7.14 and a 12-month high of $17.68. The firm’s market cap is $1.48 billion. The company has a 50-day moving average of $9.12 and a 200 day moving average of $8.59.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.20. GoPro had a negative return on equity of 41.52% and a negative net margin of 27.88%. The firm had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same period in the prior year, the company posted ($0.52) earnings per share. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year.
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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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