The company surged 12.36% and closed its last trading session at $8.9. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
COPYRIGHT VIOLATION NOTICE: “GoPro, Inc”. The stock last traded at $8.90 a bit lower than the 50 day moving average which is $8.96 and a tad higher than the 200 day moving average of $8.58. The market capitalization of the company is at $1.43 Billion. Trading volume for GoPro, Inc. was 32,767K by the end of trading on Friday. Stock investors acquired 25,532 call options on the company. In the past 3-month period alone, shares of GPRO have appreciated +1.57 – or +18.62%.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for GoPro, Inc. the EPS stands at -0.09 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.25, suggesting the stock exceeded the analysts’ expectations. Earnings, with 13 analysts believing the company would generate an Average Estimate of $-0.05. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The business had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. During the same quarter a year ago, the company earned ($0.52) EPS. The company’s revenue was up 34.3% compared to the same quarter past year.
COO at GoPro CJ Prober said that the company set forecasts that had some stretch in them at the start of this year to be profitable on non-GAAP basis the full 2017 year, and post revenue growth of double-digits.
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GoPro makes it easy for people to celebrate and share experiences.
Institutional investors have recently made changes to their positions in the business.
GoPro, Inc. on 6/29/2017 reported its EPS as $-0.6 with the analysts projecting the EPS of the stock as $-0.35. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock valued at $183,000 after purchasing an additional 695 shares during the period.
Travis Hoium owns shares of GoPro. Legal & General Group Plc lifted its position in GoPro by 2.3% during the 2nd quarter. Company insiders own 28.69% of the company’s stock. Also, the number of funds holding GoPro in their top 10 positions was flat from 1 to 1 for the same number.
The consensus recommendation, according to Zacks Investment research, is 3.27. Bank of America Corporation restated an “underperform” rating and issued a $7.00 price target (down from $8.00) on shares of GoPro in a research report on Monday, June 5th. The shares were purchased at an average price of $9.45.
GoPro is launching two cameras this year, the Hero6 and Fusion.
The company’s body-mounted point-of-view cameras won a huge following among action junkies such as surfers and skydivers, but sales took a beating in the past few quarters after a series of missteps including a delay in the launch of its Karma drone and production issues with its Hero5 camera.