GoPro Inc (GPRO) Research Coverage Started at Citigroup Inc

Rodiano Bonacci
Aprile 17, 2018

Three analysts have issued estimates for GoPro's earnings, with estimates ranging from ($0.51) to ($0.24). (NASDAQ:GPRO)'s earnings report, RTT reports. GoPro's quarterly revenue was down 38.1% compared to the same quarter last year. equities research analysts predict that GoPro will post -0.8 EPS for the current year.

GoPro (NASDAQ:GPRO) was the target of a large decline in short interest in the month of March.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.24 per share, according to consensus of 11 analysts.

While having a peek at profitability ratios Gopro Inc Cl A Cmn (NASDAQ:GPRO) has trailing twelve month gross margin at 32.6%, its trailing twelve month operating margin stands at -13.9% whereas its trailing twelve month net profit margin spots at -15.5%. The business had revenue of $334.80 million during the quarter, compared to analysts' expectations of $340.19 million.

GPRO has been the subject of several analyst reports. In Monday, January 8 report Longbow downgraded the stock to "Neutral" rating. Gopro Inc Cl A Cmn (NASDAQ:GPRO) has a market cap of $763.12 Million and the number of outstanding shares have been calculated 145.08 Million. Citigroup cut their price target on GoPro to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 9th. Dougherty & Co reiterated a "sell" rating and issued a $4.00 target price (down previously from $7.00) on shares of GoPro in a report on Tuesday, January 9th. "Buy" rating has 0, "Sell" are 3, while 6 are "Hold". The company has an average rating of "Hold" and a consensus target price of $7.71.

In other GoPro news, CFO Brian Mcgee sold 11,124 shares of the business's stock in a transaction on Friday, February 16th.

Notwithstanding that, the passion for the stock has increased, which sees an increase in its trading volume by 58.994% above its longer-run average levels. Following the completion of the transaction, the chief financial officer now owns 71,958 shares of the company's stock, valued at $406,562.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp now owns 418,781 shares of the company's stock valued at $3,171,000 after acquiring an additional 10,890 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its stake in shares of GoPro by 958.1% during the fourth quarter. North Star Investment Management Corp. increased its position in shares of GoPro by 226.6% during the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company's stock valued at $125,000 after purchasing an additional 11,500 shares in the last quarter. Fred Alger Management Inc. boosted its stake in GoPro by 1.3% during the fourth quarter. Fred Alger Management Inc. now owns 873,943 shares of the company's stock valued at $6,616,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in GoPro during the 3rd quarter valued at approximately $139,000.

GPRO stock opened at $5.22 on Wednesday.

The company's quick ratio for most recent quarter is 1.1 along with current ratio for most recent quarter of 1.5. The 52 week high of the stock is now $11.89 while its 52 weeks low stands at $4.42.

TRADEMARK VIOLATION WARNING: This news story was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online.

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories. The firm offers HERO5, a line of cloud-connected cameras; GoPro Plus, a cloud storage solution that enables subscribers to access, edit, and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the fly using their smartphones; Karma, a compact and foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video.

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