“Overweight” rating was issued by 1 and Underweight rating was suggested by 0. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. State Street Corp increased its stake in GoPro by 3.5% in the first quarter. Following the completion of the sale, the president now directly owns 404,540 shares in the company, valued at $4,364,986.60. OMERS ADMINISTRATION Corp increased its stake in GoPro by 17.7% in the first quarter. Hoplite Capital Management L.P. now owns 1,087,148 shares of the company’s stock worth $19,580,000 after buying an additional 587,148 shares during the period. Renaissance Technologies LLC now owns 610,400 shares of the company’s stock worth $7,300,000 after buying an additional 296,500 shares during the period. The P/S ratio is 1.70 and P/B ratio 3.53. Now the company has earned “Buy” from 4 equity analysts. Norges Bank purchased a new stake in GoPro during the fourth quarter worth about $10,583,000. (NASDAQ:GPRO) finished the previous buying and selling session with the price of $15.20. The company traded a volume of 6.71 million shares as comparison to average volume of 6.73 million shares. The company’s market cap is $2.12 billion. The company’s 50-day average is $12.92 and its 200-day moving average is $11.86. The company touched its 52-Week High on Jul 22, 2016 which was $30.27 and 52-Week Low on Feb 3, 2016 as $16.19.
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According to the Latest Earnings results, GoPro, Inc. reported Earnings Per Share (EPS) of $-0.52 whereas, the Analyst were expecting an EPS of $-0.58/share. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.06. Revenues hit $220.76M in the June 2016 quarter, which was above the consensus $194.31M projection. (GPRO) managed to surpass quarterly earnings per share estimates in 5 of the trailing three fiscal years, and has a positive trend with an average surprise of 55.%. GoPro’s revenue was down 47.4% on a year-over-year basis.
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Several other brokerages have also recently weighed in on GPRO. After trading began at $14.95, the stock was seen striking at $15.90 as its peak price and $14.90 as its lowest price. JPMorgan Chase & Co. set a $17.00 price objective on GoPro and gave the stock a buy rating in a research report on Thursday, July 21st. Pacific Crest reaffirmed a “hold” rating on shares of GoPro in a research report on Monday, April 25th. It has been assigned a low target price of $6.5 and a high target price of $19. The analyst with the most conservative stance sees the stock going to $825, while the most bullish firm sees the stock reaching $1050 within that same time frame. It shifted up 36.36% in contrast to its 200 day moving average of $11.33. Also, Director Edward A. Gilhuly sold 700,000 shares of the company’s stock in a transaction dated Friday, August 19th.
