GoPro (NASDAQ:GPRO)’s share price rose 3.8% during mid-day trading on Friday . The company traded as high as $5.30 and last traded at $5.42. Approximately 3,884,456 shares changed hands during trading, a decline of 15% from the average daily volume of 4,569,095 shares. The stock had previously closed at $5.22.
GPRO has been the topic of a number of research analyst reports. Vetr raised shares of GoPro from a “sell” rating to a “hold” rating and set a $5.00 price objective on the stock in a research report on Tuesday, March 20th. JPMorgan Chase set a $9.00 price objective on shares of GoPro and gave the stock a “buy” rating in a research report on Monday, January 8th. BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Citigroup reissued a “hold” rating and set a $6.50 price objective (up previously from $5.50) on shares of GoPro in a research report on Friday, March 9th. Finally, Zacks Investment Research raised shares of GoPro from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $7.71.
The stock has a market cap of $711.92, a price-to-earnings ratio of -5.11 and a beta of 0.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55.
In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.65, for a total transaction of $62,850.60. Following the completion of the sale, the chief financial officer now owns 71,958 shares of the company’s stock, valued at approximately $406,562.70. The disclosure for this sale can be found here. Company insiders own 28.58% of the company’s stock.
A number of large investors have recently bought and sold shares of GPRO. North Star Investment Management Corp. increased its stake in GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in GoPro in the 3rd quarter valued at about $139,000. Ladenburg Thalmann Financial Services Inc. increased its stake in GoPro by 235.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares during the last quarter. MUFG Securities EMEA plc increased its stake in GoPro by 958.1% in the 4th quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock valued at $267,000 after buying an additional 31,952 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in GoPro in the 4th quarter valued at about $269,000. Hedge funds and other institutional investors own 26.00% of the company’s stock.
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GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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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