GoPro (GPRO) Shares Gap Up to $4.73

GoPro Inc (NASDAQ:GPRO) gapped up before the market opened on Wednesday . The stock had previously closed at $4.63, but opened at $4.73. GoPro shares last traded at $4.92, with a volume of 4434454 shares trading hands.

Several research analysts have weighed in on the stock. Oppenheimer raised shares of GoPro from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Wednesday, September 26th. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Wedbush set a $7.00 price objective on shares of GoPro and gave the stock a “hold” rating in a report on Sunday, November 4th. Morgan Stanley set a $5.00 price objective on shares of GoPro and gave the stock a “sell” rating in a report on Sunday, November 4th. Finally, BidaskClub raised shares of GoPro from a “hold” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. GoPro has a consensus rating of “Hold” and a consensus price target of $6.75.

The stock has a market cap of $738.00 million, a price-to-earnings ratio of -4.65, a PEG ratio of 3.51 and a beta of 0.46. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, November 1st. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $272.28 million. GoPro had a negative net margin of 17.77% and a negative return on equity of 70.45%. GoPro’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. As a group, sell-side analysts expect that GoPro Inc will post -0.53 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its stake in GoPro by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after buying an additional 318,197 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of GoPro in the 3rd quarter worth approximately $3,798,000. Marshall Wace LLP acquired a new position in shares of GoPro in the 3rd quarter worth approximately $16,679,000. Vanguard Group Inc. grew its stake in shares of GoPro by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock worth $71,584,000 after purchasing an additional 318,197 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of GoPro by 48.5% in the 3rd quarter. Morgan Stanley now owns 1,404,411 shares of the company’s stock worth $10,112,000 after purchasing an additional 458,907 shares during the last quarter. 39.07% of the stock is currently owned by hedge funds and other institutional investors.

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GoPro Company Profile (NASDAQ:GPRO)

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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