GoPro Inc. (NASDAQ:GPRO) shares traded 2.49% higher at $4.12 on Wall Street last session.
In accordance with the data, 4 analysts cover GoPro Inc. (NASDAQ:GPRO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $4.60, we find $5.30. Given the previous closing price of $4.02, this indicates a potential upside of 31.84 percent. GPRO stock price is now -1.23% away from the 50-day moving average and -15.66% away from the 200-day moving average. The market capitalization of the company currently stands at $641.28M.
It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $5.30 as their price target over the next twelve months.
In other news, Jahnke Dean, SVP, Global Sales, CM, RE sold 18,028 shares of the company’s stock on May 26. The stock was sold for $72,588 at an average price of $4.03. Upon completion of the transaction, the SVP, Global Sales, CM, RE now directly owns 288,242 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, EVP, CFO and COO MCGEE BRIAN sold 13,376 shares of the business’s stock. A total of $54,320 was realized by selling the stock at an average price of $4.06. This leaves the insider owning 392,468 shares of the company worth $1.62 million. Insiders disposed of 692,924 shares of company stock worth roughly $2.85 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPRO stock. A new stake in GoPro Inc. shares was purchased by EA SERIES TRUST during the first quarter worth $1,818,000. EMPOWERED FUNDS, LLC invested $1,818,000 in shares of GPRO during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in GoPro Inc. valued at approximately $1,094,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in GPRO for approximately $732,000. MAN GROUP PLC purchased a new stake in GPRO valued at around $571,000 in the second quarter. In total, there are 268 active investors with 66.90% ownership of the company’s stock.
GoPro Inc. (NASDAQ: GPRO) opened at $4.0000 on Thursday. During the past 12 months, GoPro Inc. has had a low of $3.81 and a high of $6.91. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.50. The fifty day moving average price for GPRO is $4.1702 and a two-hundred day moving average price translates $4.8797 for the stock.
The latest earnings results from GoPro Inc. (NASDAQ: GPRO) was released for Mar, 2023. According to the Consumer Electronics Company, earnings per share came in at -$0.18, missing analysts’ expectations of -$0.14 by -0.04. This compares to $0.03 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -1.10% for GPRO. The company reported revenue of $174.72 million for the quarter, compared to $216.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.37 percent. For the current quarter, analysts expect GPRO to generate $221.61M in revenue.
GoPro Inc.(GPRO) Company Profile
GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, 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 offers 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. It also offers mounts and accessories comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable consumers to wear the mount on their bodies, such as wrist housings, magnetic swivel clips, chest harnesses, and head straps; media, display, and light mods; spare batteries, dive filters, and charging accessories and cables; and lifestyle gears. In addition, the company provides mobile and web applications that provides media workflow for archiving, editing, multi-clip story creation, and sharing content on the fly. GoPro, Inc. markets and sells its products through retailers and wholesale distributors, as well as through its GoPro.com website. The company was formerly known as Woodman Labs, Inc. and changed its name to GoPro, Inc. in February 2014. GoPro, Inc. was founded in 2002 and is headquartered in San Mateo, California.
