Weekly Research Analysts' Ratings Updates for GoPro (GPRO)

Weekly Research Analysts' Ratings Updates for GoPro (GPRO)

Basically, a price target is an individual analyst's projection on the future price of a stock.

Alongside confirming its openness for being acquired, GoPro also in January announced its plans to cut 20 percent of its global workforce, more than 250 jobs, and shut down its drone business that was created to sell Karma drones.

Jefferies Limited Liability Corporation holds 0% of its capital in GoPro, Inc. BidaskClub cut GoPro from a sell rating to a strong sell rating in a report on Saturday, December 9th. Goldman Sachs Group, Inc. Ladenburg Thalmann Financial Services Inc. increased its stake in GoPro by 235.8% in the 4th quarter. In Thursday, November 2 report Citigroup maintained the stock with "Neutral" rating. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. Cowen & Co has "Hold" rating and $6.0 target. (NASDAQ:GPRO) earned "Neutral" rating by Longbow on Monday, January 8. GoPro has a 52-week low of $8.54 and a 52-week high of $17.68. If a trader wishes to see a 50-day average instead, the same type of calculation would be made, but it would include the prices over the past 50 days and the same process goes on for 200 days.

While GoPro is leading the market of action cameras nearly since its inception, the company hasn't been able to convince its shareholders with the leadership for a long time. The broad GoPro, Inc. industry has an average P/S ratio of 0.5, which is significantly better than the sector's 2.68. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.45 by ($0.75). The company now has a Return on Equity of -55.5% and a Return on Investment of -22.2%. According to their predictions high & low revenue estimates are 203 Million and 146 Million respectively. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14. The company's revenue for the quarter was down 38.1% compared to the same quarter a year ago. 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.now it has negative earnings. Also, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction on Friday, February 16th. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $5.65, for a total value of $62,850.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,529 shares of company stock valued at $345,383.


The volatility value is used by the investors for various reasons and purposes in measuring the fundamental price change and the rate of variation in GPRO's price. The stock becomes active when traders or investors changed hands with 2,245,990 shares contrast to the three-month volume average of 3.47M shares.

On a weekly basis, the stock is 1.88%. Morgan Stanley raised its position in GoPro by 53.7% in the third quarter. Millennium Management LLC now owns 683,978 shares of the company's stock worth $5,178,000 after acquiring an additional 517,298 shares in the last quarter.

Commerzbank Aktiengesellschaft Fi reported 399,627 shs. However, the stock is trading at -32.98% versus recent highs ($52.31).

Hedge funds and other institutional investors have recently bought and sold shares of the stock.

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