GoPro, Inc. (NASDAQ:GPRO) Receives $7.00 Average PT from Analysts

Shares of GoPro, Inc. (NASDAQ:GPRO – Get Rating) have received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.00.

Several equities research analysts recently weighed in on the company. TheStreet lowered GoPro from a “c” rating to a “d+” rating in a research report on Friday, May 19th. Morgan Stanley lifted their price target on GoPro from $4.40 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Finally, StockNews.com assumed coverage on GoPro in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

GoPro Price Performance

Shares of GPRO stock opened at $4.12 on Monday. The firm has a market cap of $641.28 million, a P/E ratio of -82.38 and a beta of 1.38. GoPro has a fifty-two week low of $3.81 and a fifty-two week high of $7.05. The business’s 50 day moving average price is $4.50 and its 200-day moving average price is $5.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.52 and a current ratio of 2.14.

Insider Buying and Selling at GoPro

In other news, CFO Brian Mcgee sold 7,155 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $4.77, for a total value of $34,129.35. Following the sale, the chief financial officer now directly owns 407,416 shares in the company, valued at $1,943,374.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 18.44% of the company’s stock.

Institutional Trading of GoPro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of GoPro by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,178 shares of the company’s stock worth $364,000 after purchasing an additional 1,957 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of GoPro by 5.5% during the first quarter. Advisor Group Holdings Inc. now owns 37,568 shares of the company’s stock worth $320,000 after acquiring an additional 1,971 shares during the period. Malaga Cove Capital LLC increased its position in shares of GoPro by 11.8% during the third quarter. Malaga Cove Capital LLC now owns 18,950 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares during the period. Baystate Wealth Management LLC grew its stake in shares of GoPro by 23.5% during the fourth quarter. Baystate Wealth Management LLC now owns 10,501 shares of the company’s stock worth $52,000 after purchasing an additional 2,001 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of GoPro by 6.9% during the second quarter. Quantbot Technologies LP now owns 32,501 shares of the company’s stock worth $179,000 after purchasing an additional 2,096 shares in the last quarter. Institutional investors own 54.61% of the company’s stock.

GoPro Company Profile

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GoPro, Inc engages in manufacturing and selling camera and camera accessories. The firm provides mountable and wearable cameras and accessories, which it refers to as capture devices. Its product brands include HERO9 Black, HERO8 Black, Max, HERO7 Black, HERO7 Silver, GoPro Plus, and GoPro App. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.