GoPro (NASDAQ:GPRO) had its target price reduced by equities research analysts at Morgan Stanley from $5.00 to $4.50 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 13.63% from the stock’s previous close.
Several other research firms have also recently commented on GPRO. ValuEngine upgraded GoPro from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush set a $6.00 target price on GoPro and gave the company a “hold” rating in a research note on Friday, August 30th. BidaskClub upgraded GoPro from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research increased their target price on GoPro to $6.00 in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.10.
NASDAQ GPRO traded down $1.17 on Thursday, reaching $3.96. The company had a trading volume of 8,960,935 shares, compared to its average volume of 4,094,181. The firm has a market capitalization of $799.10 million, a PE ratio of -8.61, a P/E/G ratio of 4.32 and a beta of 0.85. GoPro has a 1 year low of $3.62 and a 1 year high of $7.64. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $5.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.14.
Several institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its position in shares of GoPro by 116.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 7,619,587 shares of the company’s stock valued at $41,603,000 after acquiring an additional 4,100,719 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of GoPro during the 2nd quarter valued at approximately $392,000. Fox Run Management L.L.C. acquired a new stake in shares of GoPro during the 2nd quarter valued at approximately $110,000. Commerzbank Aktiengesellschaft FI raised its position in shares of GoPro by 19.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 308,280 shares of the company’s stock valued at $1,683,000 after acquiring an additional 49,129 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of GoPro by 2.4% during the 2nd quarter. Swiss National Bank now owns 212,800 shares of the company’s stock valued at $1,162,000 after acquiring an additional 4,900 shares in the last quarter. Institutional investors own 49.36% of the company’s stock.
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.
Further Reading: Quick Ratio
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.