GoPro Inc (NASDAQ:GPRO) CFO Brian Mcgee Sells 5,451 Shares

GoPro Inc (NASDAQ:GPRO) CFO Brian Mcgee sold 5,451 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total value of $20,877.33. Following the transaction, the chief financial officer now owns 157,620 shares in the company, valued at $603,684.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:GPRO traded up $0.03 during midday trading on Friday, reaching $4.12. 2,051,134 shares of the company’s stock were exchanged, compared to its average volume of 4,106,981. The company’s 50 day simple moving average is $4.43 and its two-hundred day simple moving average is $5.77. The firm has a market capitalization of $602.60 million, a PE ratio of -8.96, a price-to-earnings-growth ratio of 3.26 and a beta of 0.53. GoPro Inc has a 12 month low of $3.62 and a 12 month high of $7.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.14 and a current ratio of 1.63.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $292.43 million during the quarter, compared to analyst estimates of $302.29 million. GoPro had a negative net margin of 2.59% and a negative return on equity of 2.69%. GoPro’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) earnings per share. On average, research analysts anticipate that GoPro Inc will post 0.12 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. acquired a new stake in GoPro during the 2nd quarter valued at approximately $55,000. Penserra Capital Management LLC boosted its holdings in shares of GoPro by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock worth $59,000 after buying an additional 3,062 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new position in shares of GoPro during the 2nd quarter worth approximately $64,000. Menta Capital LLC bought a new position in shares of GoPro in the 1st quarter worth $74,000. Finally, Prospera Financial Services Inc bought a new position in shares of GoPro in the 1st quarter worth $83,000. Hedge funds and other institutional investors own 45.81% of the company’s stock.

Several equities analysts recently commented on the company. BidaskClub lowered GoPro from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. Wedbush set a $6.00 target price on shares of GoPro and gave the stock a “hold” rating in a research report on Friday, August 30th. Zacks Investment Research raised shares of GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a research report on Thursday, May 16th. Finally, ValuEngine downgraded shares of GoPro from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.36.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Insider Buying and Selling by Quarter for GoPro (NASDAQ:GPRO)

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