GoPro Inc (GPRO) was Initiated by Citigroup to “Sell” and the brokerage firm has set the Price Target at $8. Citigroup advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Citigroup Initiated GoPro Inc on Mar 3, 2017 to “Sell”, Price Target of the shares are set at $8.Citigroup Initiated GoPro Inc on Mar 3, 2017 to “Sell”, Price Target of the shares are set at $8.GoPro Inc was Downgraded by Raymond James to ” Underperform” on Feb 3, 2017. Shares were Downgraded by Robert W. Baird on Feb 3, 2017 to ” Underperform” and Lowered the Price Target to $ 6 from a previous price target of $10 .Shares were Reiterated by Dougherty & Company on Feb 3, 2017 to “Sell” and Lowered the Price Target to $ 5 from a previous price target of $6 .
On the company’s financial health, GoPro Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $0.24. The company had revenue of $540.62 million for the quarter, compared to analysts expectations of $576.06 million. The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Several company insiders have filed Insider transactions , on Feb 22, 2017, Michael E Marks (director) sold 30,000 shares at $9.22 per share price. According to the SEC, on Feb 22, 2017, Brian Mcgee (Chief Financial Officer) sold 5,692 shares at $9.31 per share price. On Feb 17, 2017, Sharon S Zezima (General Counsel, Secretary) sold 6,297 shares at $9.16 per share price, according to the Form-4 filing with the securities and exchange commission.
GoPro Inc opened for trading at $9.32 and hit $9.74 on the upside on Monday, eventually ending the session at $9.66, with a gain of 2.44% or 0.23 points. The heightened volatility saw the trading volume jump to 29,00,168 shares. Company has a market cap of $1,373 M.
GoPro Inc. produces mountable and wearable cameras and accessories which the Company refers to as capture devices. Additionally the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices which include HERO2 HERO3 camera the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts such as the helmet handlebar roll bar as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers wholesale distributors and on the Company’s Website.