GoPro, Inc. (GPRO) failed to surprise the stock market in its last reported earnings when it earned -$0.3 a piece versus the consensus-estimated -$0.11. The stock's short float is around of 28.72% and short ratio is 6.11. About 2.41 million shares traded. Based on an average daily trading volume, of 3,155,426 shares, the short-interest ratio is now 9.9 days. George Kaiser Family Foundation who had been investing in Liberty Interactive Corporation Qvc Group Ser A for a number of months, seems to be bullish on the $12.73 billion market cap company.
Gopro Inc Cl A Cmn (NASDAQ:GPRO) has an ABR of 3.37 which is the combined stock view of 10 analysts poll results.
Technical analysts have little regard for the value of a company. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
In other news, CFO Brian Mcgee sold 7,541 shares of the stock in a transaction dated Thursday, November 16th. They now have a $5.00 target price on the stock, down from their prior target price of $9.50.
In related news, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction dated Wednesday, December 6th. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. now owns 7,093,763 shares of the company's stock valued at $57,672,000 after buying an additional 444,109 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of GoPro by 266.1% during the second quarter. Following the transaction, the chief financial officer now directly owns 79,167 shares in the company, valued at approximately $651,544.41.
In recent action, GoPro, Inc. Engineers Gate Manager LP now owns 394,560 shares of the company's stock worth $2,987,000 after purchasing an additional 375,506 shares in the last quarter. The firm offers HERO5, a line of cloud-connected cameras; GoPro Plus, a cloud storage solution that enables subscribers to access, edit, and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the fly using their smartphones; Karma, a compact and foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video. Finally, Amalgamated Bank lifted its position in shares of GoPro by 14.6% in the 2nd quarter. The volatility in the previous week has recorded at 6.01% and seen at 4.85% in the previous month. The stock decreased 0.38% or $0.1 during the last trading session, reaching $26.27.
Currently Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 37.2%. The stock has a market capitalization of $807.15 Million however its outstanding shares are 144.65 Million.
The stock decreased 4.39% or $0.245 during the last trading session, reaching $5.335. The Average True Range was observed at 0.34. The company posted an earnings surprise of -172.7%.
Bank of America "Maintained" Gopro Inc Cl A Cmn (NASDAQ:GPRO) in a research note issued to investors on 2/02/18 to Underperform with price target of $5.5.
Previously Gopro Inc Cl A Cmn (NASDAQ:GPRO) reported $-0.3 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.11 by $-0.19. GoPro had a negative net margin of 15.50% and a negative return on equity of 39.34%.
According to 7 analysts, the Average Revenue Estimate for the current Fiscal quarter is $181.38 Million and the Low Revenue estimate is $146 Million, while the High Revenue estimate is $200.3 Million. -55.47% (High), 5.06%, (Low). Now shares of Gopro Inc Cl A Cmn (NASDAQ:GPRO) have an average brokerage recommendation (ABR) of 3.37 number of Recs in ABR is 10 however the company's industry rank by ABR is 201 out of 265. JP Morgan downgraded it to "Neutral" rating and $8 target in Friday, February 2 report. The stock's average target of $12.13 is 127.37% above today's ($5.335) share price. Finally, Longbow Research downgraded shares of GoPro from a "buy" rating to a "neutral" rating and boosted their target price for the company from $7.16 to $13.00 in a research report on Monday, January 8th.
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