GoPro (NASDAQ:GPRO) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued on Monday. The firm currently has a $5.00 price objective on the stock. Vetr‘s price objective would indicate a potential downside of 9.26% from the stock’s current price.
Several other brokerages have also issued reports on GPRO. Zacks Investment Research lowered GoPro from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Longbow Research lowered GoPro from a “buy” rating to a “neutral” rating and upped their price target for the company from $7.16 to $13.00 in a research note on Monday, January 8th. JPMorgan Chase & Co. set a $9.00 target price on GoPro and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Citigroup cut their target price on GoPro to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 9th. Nine research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.77.
Shares of GoPro (NASDAQ:GPRO) opened at $5.51 on Monday. The stock has a market capitalization of $805.48, a PE ratio of -7.25 and a beta of 0.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55. GoPro has a 1-year low of $5.04 and a 1-year high of $11.89.
In other GoPro news, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the sale, the chief financial officer now directly owns 71,958 shares in the company, valued at $406,562.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sharon S. Zezima sold 14,966 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here. 28.58% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in GoPro by 4.4% during the 4th quarter. BlackRock Inc. now owns 6,887,094 shares of the company’s stock worth $52,136,000 after purchasing an additional 291,214 shares in the last quarter. State Street Corp raised its holdings in 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 during the period. Geode Capital Management LLC raised its holdings in GoPro by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 947,829 shares of the company’s stock valued at $7,174,000 after buying an additional 63,757 shares during the period. Fred Alger Management Inc. raised its holdings in GoPro by 1.3% in the fourth quarter. Fred Alger Management Inc. now owns 873,943 shares of the company’s stock valued at $6,616,000 after buying an additional 11,560 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in GoPro by 25.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock valued at $5,926,000 after buying an additional 160,745 shares during the period. Institutional investors own 25.99% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “GoPro (GPRO) Upgraded to “Sell” at Vetr” was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2018/03/12/gopro-gpro-upgraded-to-sell-at-vetr.html.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.