GoPro, Inc. (NASDAQ:GPRO) Receives $7.00 Consensus Price Target from Brokerages

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

A number of research firms recently issued reports on GPRO. StockNews.com assumed coverage on GoPro in a report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet lowered GoPro from a “c” rating to a “d+” rating in a research report on Friday, May 19th. Finally, Morgan Stanley increased their price objective on GoPro from $4.40 to $5.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd.

Insider Activity

In related 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 completion of the sale, the chief financial officer now owns 407,416 shares of the company’s stock, valued at $1,943,374.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 18.44% of the company’s stock.

Institutional Investors Weigh In On GoPro

A number of institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can purchased a new stake in GoPro during the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd increased its position in GoPro by 352.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 6,068 shares of the company’s stock valued at $30,000 after acquiring an additional 4,728 shares during the period. Lazard Asset Management LLC increased its position in GoPro by 198.7% in the 1st quarter. Lazard Asset Management LLC now owns 4,526 shares of the company’s stock valued at $38,000 after acquiring an additional 3,011 shares during the period. Dark Forest Capital Management LP increased its position in GoPro by 644.2% during the 1st quarter. Dark Forest Capital Management LP now owns 10,151 shares of the company’s stock worth $51,000 after purchasing an additional 8,787 shares during the period. Finally, Baystate Wealth Management LLC increased its position in GoPro by 23.5% during the 4th 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 during the period. 54.61% of the stock is owned by institutional investors and hedge funds.

GoPro Trading Down 0.5 %

Shares of NASDAQ:GPRO opened at $4.12 on Monday. GoPro has a 52-week low of $3.81 and a 52-week high of $7.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.52 and a current ratio of 2.14. The stock has a market capitalization of $641.28 million, a price-to-earnings ratio of -82.38 and a beta of 1.38. The stock’s 50-day simple moving average is $4.50 and its two-hundred day simple moving average is $5.09.

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.