GoPro, Inc. (NASDAQ:GPRO) Expected to Post Quarterly Sales of $240.11 Million

Equities analysts forecast that GoPro, Inc. (NASDAQ:GPROGet Rating) will report sales of $240.11 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for GoPro’s earnings. The lowest sales estimate is $237.45 million and the highest is $243.00 million. GoPro reported sales of $249.59 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that GoPro will report full-year sales of $1.25 billion for the current year, with estimates ranging from $1.21 billion to $1.29 billion. For the next year, analysts forecast that the company will report sales of $1.32 billion, with estimates ranging from $1.27 billion to $1.46 billion. Zacks’ sales averages are an average based on a survey of analysts that follow GoPro.

GoPro (NASDAQ:GPROGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.05 EPS for the quarter. The company had revenue of $217.00 million for the quarter, compared to the consensus estimate of $217.00 million. GoPro had a net margin of 32.96% and a return on equity of 24.58%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS.

GPRO has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of GoPro in a research report on Monday, February 28th. They set a “buy” rating and a $12.00 target price on the stock. StockNews.com downgraded shares of GoPro from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Finally, Citigroup cut their target price on shares of GoPro from $9.00 to $8.00 in a research report on Friday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, GoPro currently has a consensus rating of “Buy” and an average target price of $11.90.

Shares of NASDAQ GPRO opened at $6.43 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. GoPro has a 12-month low of $6.18 and a 12-month high of $12.97. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 2.70 and a beta of 1.04. The firm’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $9.12.

In other GoPro news, CAO Charles Lafrades sold 4,806 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $6.84, for a total transaction of $32,873.04. Following the completion of the sale, the chief accounting officer now owns 113,520 shares of the company’s stock, valued at approximately $776,476.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tyrone Ahmad-Taylor sold 16,257 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $6.48, for a total value of $105,345.36. Following the sale, the director now directly owns 4,230 shares of the company’s stock, valued at approximately $27,410.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,576 shares of company stock valued at $2,459,582. 19.54% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in GoPro by 2.8% during the 4th quarter. Legal & General Group Plc now owns 51,094 shares of the company’s stock valued at $526,000 after purchasing an additional 1,385 shares during the last quarter. American Century Companies Inc. lifted its holdings in GoPro by 9.4% during the 4th quarter. American Century Companies Inc. now owns 17,816 shares of the company’s stock valued at $184,000 after purchasing an additional 1,526 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in GoPro by 2.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,521 shares of the company’s stock valued at $552,000 after purchasing an additional 1,528 shares during the last quarter. Greenwich Wealth Management LLC increased its position in GoPro by 7.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 24,507 shares of the company’s stock worth $253,000 after buying an additional 1,606 shares during the period. Finally, Principal Financial Group Inc. increased its position in GoPro by 7.7% during the 1st quarter. Principal Financial Group Inc. now owns 23,569 shares of the company’s stock worth $201,000 after buying an additional 1,677 shares during the period. 78.36% of the stock is owned by institutional investors and hedge funds.

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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