$216.75 Million in Sales Expected for GoPro, Inc. (NASDAQ:GPRO) This Quarter

Analysts predict that GoPro, Inc. (NASDAQ:GPROGet Rating) will report $216.75 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for GoPro’s earnings, with the lowest sales estimate coming in at $214.47 million and the highest estimate coming in at $220.00 million. GoPro reported sales of $203.68 million during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The firm is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that GoPro will report full year sales of $1.26 billion for the current fiscal year, with estimates ranging from $1.23 billion to $1.32 billion. For the next year, analysts anticipate that the business will report sales of $1.32 billion, with estimates ranging from $1.26 billion to $1.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow GoPro.

GoPro (NASDAQ:GPROGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. GoPro had a net margin of 31.97% and a return on equity of 27.54%. The business had revenue of $391.15 million for the quarter, compared to analyst estimates of $383.15 million. During the same period last year, the firm earned $0.35 earnings per share.

GPRO has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of GoPro in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Jefferies Financial Group initiated coverage on shares of GoPro in a research note on Monday, February 28th. They set a “buy” rating and a $12.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, GoPro has an average rating of “Buy” and an average target price of $12.88.

Shares of GoPro stock opened at $8.85 on Thursday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 3.90 and a beta of 1.15. The company has a quick ratio of 1.46, a current ratio of 1.65 and a debt-to-equity ratio of 0.18. GoPro has a 12-month low of $7.37 and a 12-month high of $12.97. The firm’s 50-day moving average price is $8.42 and its two-hundred day moving average price is $9.36.

In related news, SVP S Aimee Lapic sold 4,836 shares of GoPro stock in a transaction that occurred on Tuesday, January 18th. The shares were sold at an average price of $10.37, for a total transaction of $50,149.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicholas Woodman sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, January 24th. The stock was sold at an average price of $8.47, for a total transaction of $1,694,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 441,998 shares of company stock worth $3,675,445. 20.32% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. CI Investments Inc. bought a new stake in shares of GoPro in the 3rd quarter valued at $40,000. Maverick Capital Ltd. increased its stake in shares of GoPro by 67.7% in the 3rd quarter. Maverick Capital Ltd. now owns 8,013 shares of the company’s stock valued at $75,000 after acquiring an additional 3,235 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of GoPro by 34.5% in the 3rd quarter. Macquarie Group Ltd. now owns 8,220 shares of the company’s stock valued at $77,000 after acquiring an additional 2,110 shares in the last quarter. Covestor Ltd bought a new stake in shares of GoPro in the 4th quarter valued at $83,000. Finally, Centiva Capital LP bought a new stake in shares of GoPro in the 3rd quarter valued at $96,000. Institutional investors own 79.61% of the company’s stock.

About GoPro (Get Rating)

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company offers cloud connected HERO10 Black, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription provides access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera.

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