Tracking Shares of Gopro Inc Cl A (GPRO) — Market Focus

Mindy Sparks
December 7, 2017

A number of institutional investors have recently made changes to their positions in GPRO. Piper Jaffray Companies reiterated an underweight rating and issued a $8.00 target price on shares of GoPro in a report on Tuesday, December 27th. Wedbush reissued a "neutral" rating on shares of GoPro in a report on Thursday, October 26th. Longbow Research lowered GoPro from a neutral rating to an underperform rating and set a $7.00 price objective on the a research report on Friday, January 6th.

GPRO has been the subject of several research reports. Finally, Barclays PLC reissued a hold rating and issued a $10.00 price objective on shares of GoPro in a research report on Wednesday, January 11th. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) shares traded on -3.29% below secure line and closed at $8.23. The stock exchanged hands 3.25 Million shares versus average trading capacity of 6.57 Million shares, yielding a market cap of $1.2 Billion. In terms of moving averages, the 200-day is now at 8.92, the 50-day is 9.32, and the 7-day is resting at 8.39. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 52.22, the 7-day stands at 47.79, and the 3-day is sitting at 48.33.

Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s trailing twelve month revenues are $1.39 Billion, whereas its price to sales ratio for the same period is 0.87. (GPRO) - averaging the work of different analysts - reveals a mean PT of $10.61/share. GoPro had a negative return on equity of 44.14% and a negative net margin of 35.35%.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Gopro Inc Cl A Cmn (NASDAQ:GPRO) high price target of $15 and with a conservative view have low price target of $7. The firm's revenue for the quarter was up 19.1% compared to the same quarter a year ago.

Wall Street analysts are predicting that Gopro Inc Cl A Cmn (NASDAQ:GPRO) will report earnings per share of $0.45 in their quarterly report. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Because there must be a beginning, the first TR value is simply the High minus the Low, and the first 14-day ATR is the average of the daily TR values for the last 14 days. Following the completion of the transaction, the chief financial officer now directly owns 79,167 shares in the company, valued at $651,544.41. The disclosure for this sale can be found here.

Large investors have recently modified their holdings of the company. Its book value per share for the most recent quarter is $2.5 while its price to book ratio for the same period is 3.26, as for as the company's cash per share for the most recent quarter is $1.33, however its price to cash per share ratio for the same period is 6.11.

For the Current Quarter, the growth estimate for GoPro, 55.2%, while for the Next Quarter the stock growth estimate is 52.3%. Seven Eight Capital LP acquired a new stake in shares of GoPro during the fourth quarter worth about $118,000. Finally, Engineers Gate Manager LP boosted its position in shares of GoPro by 1,324.2% during the second quarter.

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories.

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