Weekly Research Analysts’ Ratings Updates for GoPro (GPRO)

GoPro (NASDAQ: GPRO) recently received a number of ratings updates from brokerages and research firms:

  • 3/21/2017 – GoPro was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $9.72 price target on the stock.
  • 3/20/2017 – GoPro was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $9.55 price target on the stock.
  • 3/20/2017 – GoPro was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.50 price target on the stock. According to Zacks, “GoPro has taken company-wide restructuring efforts, which include a combination of programs, to slash costs and boost profitability. Backed by these efforts, the company recently affirmed its first-quarter 2017 revenues at the upper end of the $190–$210 million range. Also, the company reiterated its target of full-year non-GAAP profitability and announced that it expects positive EBITDA for full-year 2017. Also, GoPro is exploring new revenue streams, including Virtual Reality and licensing content shot on its cameras to media companies. GoPro has also resumed Karma sales and plans to ramp production further. Despite these positives, over the past three months, GoPro shares have significantly underperformed the Zacks categorized Audio/Video Home Product industry’s average return. Multiple operational stumbles including product recalls, messed up launches, production delays and supply chain issues have added to the woes.”
  • 3/19/2017 – GoPro had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 3/18/2017 – GoPro was given a new $8.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 3/17/2017 – GoPro had its “underperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $6.00 price target on the stock.
  • 3/17/2017 – GoPro had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 3/17/2017 – GoPro had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 3/17/2017 – GoPro had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $10.00 price target on the stock.
  • 3/16/2017 – GoPro had its price target raised by analysts at Goldman Sachs Group Inc from $6.00 to $6.50. They now have a “sell” rating on the stock.
  • 3/16/2017 – GoPro was upgraded by analysts at Citigroup Inc from a “sell” rating to a “neutral” rating. They now have a $9.00 price target on the stock.
  • 3/16/2017 – GoPro had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $8.50 price target on the stock.
  • 3/16/2017 – GoPro had its “sell” rating reaffirmed by analysts at Dougherty & Co. They now have a $5.00 price target on the stock.
  • 3/16/2017 – GoPro had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $9.00 price target on the stock, down previously from $10.00.
  • 3/16/2017 – GoPro was given a new $12.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 3/7/2017 – GoPro had its “sell” rating reaffirmed by analysts at Dougherty & Co. They now have a $5.00 price target on the stock.
  • 3/6/2017 – GoPro was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating. They now have a $6.00 price target on the stock, down previously from $8.25.
  • 3/3/2017 – GoPro is now covered by analysts at Citigroup Inc. They set a “sell” rating and a $8.00 price target on the stock.
  • 2/8/2017 – GoPro was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “After four back-to-back quarters of posting quarterly losses, GoPro managed to get back in the green, as its adjusted earnings trumped estimatesby 33%. Revenues too returned to year-over-year growth, despite the Karma recall and production issues related to Hero5 camera, which hurt the top line. The company has now resumed Karma sales and plans to ramp production further. Also, Hero5 seems to be gaining market traction quickly. However, the fact remains that GoPro has faced multiple operational stumbles in the recent past, including product recalls, messed up launches, production delays and supply chain issues. Further, the company gave highly disappointing revenue guidance for the current quarter, which indicates that the company is being cautious about its ability to build on the initial success of Hero5 camera, and also about the prospects of Karma in a highly competitive market.”
  • 2/8/2017 – GoPro was given a new $9.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 2/6/2017 – GoPro had its “” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 2/4/2017 – GoPro was given a new $8.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 2/3/2017 – GoPro was downgraded by analysts at Robert W. Baird from a “neutral” rating to an “underperform” rating. They now have a $6.00 price target on the stock, down previously from $10.00.
  • 2/3/2017 – GoPro had its price target lowered by analysts at Dougherty & Co from $6.00 to $5.00. They now have a “sell” rating on the stock.
  • 2/3/2017 – GoPro had its price target lowered by analysts at Goldman Sachs Group Inc from $11.00 to $9.50. They now have a “neutral” rating on the stock.
  • 2/3/2017 – GoPro had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $6.00 price target on the stock, down previously from $10.00.
  • 2/3/2017 – GoPro was given a new $10.00 price target on by analysts at FBN Securities. They now have a “hold” rating on the stock.
  • 1/31/2017 – GoPro had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $10.68 price target on the stock, down previously from $10.80.
  • 1/30/2017 – GoPro was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past one year, GoPro shares have significantly underperformed the Zacks categorized Audio/Video Home Product industry’s average return. Investors have punished GoPro’s shares as the company faced multiple operational stumbles including product recalls, messed up launches, production delays and supply chain issues in the recent past. Also, GoPro has had a dismal earnings history, having missed earnings thrice in the trailing four quarters. Stiff competition and ongoing sluggishness in the wearable camera market have translated into challenging times ahead for GoPro. The company has also decided to shut down its entertainment business and cut its workforce by 15%, in order to reduce costs and channel resources to productive areas. We are also optimistic about the prospects of its new Hero5 camera, which should drive growth.”
  • 1/24/2017 – GoPro had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/24/2017 – GoPro had its “hold” rating reaffirmed by analysts at Pacific Crest.

GoPro Inc (NASDAQ:GPRO) opened at 8.66 on Tuesday. The stock’s 50 day moving average price is $9.09 and its 200 day moving average price is $11.18. GoPro Inc has a 12 month low of $7.14 and a 12 month high of $17.68. The company’s market capitalization is $1.23 billion.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $540.62 million for the quarter, compared to the consensus estimate of $585.31 million. GoPro had a negative return on equity of 44.14% and a negative net margin of 35.35%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Equities research analysts anticipate that GoPro Inc will post ($0.17) earnings per share for the current fiscal year.

In other news, Director Anthony John Bates sold 41,077 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $8.19, for a total value of $336,420.63. Following the transaction, the director now directly owns 208,617 shares in the company, valued at approximately $1,708,573.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Sharon S. Zezima sold 6,297 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $9.16, for a total value of $57,680.52. Following the completion of the transaction, the general counsel now owns 70,662 shares in the company, valued at $647,263.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,668 shares of company stock worth $738,432. Company insiders own 28.69% of the company’s stock.

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website. It enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities.

5 Day Chart for NASDAQ:GPRO

Receive News & Ratings for GoPro Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.