GoPro (NASDAQ:GPRO) had its price target raised by Zacks Investment Research to $6.00 in a research note issued on Wednesday, 24/7 WallStreet reports. Zacks Investment Research‘s price objective suggests a potential upside of 51.13% from the company’s current price.
Several other research firms have also issued reports on GPRO. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Morgan Stanley set a $5.00 price target on GoPro and gave the stock a “sell” rating in a research report on Wednesday, August 21st. ValuEngine lowered GoPro from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, Wedbush set a $6.00 price target on GoPro and gave the stock a “hold” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.83.
GPRO traded down $0.19 on Wednesday, hitting $3.97. 10,063,736 shares of the company were exchanged, compared to its average volume of 4,352,346. The firm has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $5.56. 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 has a 12 month low of $3.62 and a 12 month high of $7.64. The stock has a market capitalization of $813.74 million, a PE ratio of -8.63, a price-to-earnings-growth ratio of 4.40 and a beta of 0.86.
Several hedge funds have recently modified their holdings of GPRO. Prudential Financial Inc. bought a new stake in shares of GoPro in the 2nd quarter worth approximately $55,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of GoPro in the 2nd quarter worth approximately $64,000. Fox Run Management L.L.C. bought a new stake in shares of GoPro in the 2nd quarter worth approximately $110,000. Meitav Dash Investments Ltd. bought a new stake in shares of GoPro in the 1st quarter worth approximately $125,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of GoPro in the 2nd quarter worth approximately $132,000. Hedge funds and other 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.
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