Hey guys,possible dip & rip $GPRO 14.61 Keep on w
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GPRO After-Hours Quote: $11.02 -3.58 (-24.52%) as of 7:59 PM
Barclays Trims GoPro Inc (GPRO) Target Price to $25.00
Posted by Stephanie Chan on Jan 13th, 2016 // No Comments
GoPro Inc logoGoPro Inc (NASDAQ:GPRO) had its price objective reduced by Barclays from $40.00 to $25.00 in a research report sent to investors on Friday, AnalystRatings.Net reports. They currently have an overweight rating on the stock.
Several other research firms also recently weighed in on GPRO. Citigroup Inc. restated a buy rating and set a $90.00 price objective on shares of GoPro in a report on Thursday, September 17th. Oppenheimer restated a hold rating on shares of GoPro in a report on Wednesday, September 16th. JPMorgan Chase & Co. restated a buy rating and set a $75.00 price objective on shares of GoPro in a report on Tuesday, September 22nd. Cowen and Company lowered their price objective on shares of GoPro from $76.00 to $60.00 and set an outperform rating on the stock in a report on Wednesday, September 23rd. Finally, Northland Securities restated a buy rating and set a $80.00 price objective on shares of GoPro in a report on Tuesday, September 15th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $37.69.
Shares of GoPro (NASDAQ:GPRO) traded up 0.07% during mid-day trading on Friday, hitting $14.61. 9,743,753 shares of the company traded hands. GoPro has a one year low of $14.32 and a one year high of $65.49. The firm has a 50-day moving average of $18.12 and a 200-day moving average of $35.31. The stock has a market capitalization of $2.01 billion and a price-to-earnings ratio of 11.99.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. During the same quarter last year, the firm posted $0.12 EPS. The business had revenue of $400.34 million for the quarter, compared to analysts’ expectations of $435.33 million. The company’s revenue was up 43.0% on a year-over-year basis. On average, equities analysts predict that GoPro will post $1.17 earnings per share for the current year.
In other news, Director Edward A. Gilhuly sold 6,344 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $20.50, for a total value of $130,052.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Anthony John Bates sold 7,434 shares of the stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $17.61, for a total transaction of $130,912.74. Following the completion of the sale, the president now directly owns 19,963 shares in the company, valued at $351,548.43. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in GPRO. Creative Planning increased its stake in shares of GoPro by 2,400.0% in the fourth quarter. Creative Planning now owns 20,000 shares of the company’s stock worth $30,000 after buying an additional 19,200 shares during the last quarter. Janus Capital Management purchased a new stake in shares of GoPro during the third quarter worth about $350,000. ING Groep increased its stake in shares of GoPro by 35.9% in the third quarter. ING Groep now owns 7,957 shares of the company’s stock worth $248,000 after buying an additional 2,100 shares during the last quarter. Finally, Northcoast Asset Management purchased a new stake in shares of GoPro during the third quarter worth about $33,607,000.
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Company’s Website.
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