Insider Selling: GoPro Inc (NASDAQ:GPRO) VP Sells $65,423.74 in Stock

Posted by on Nov 16th, 2019 // Comments off

GoPro Inc (NASDAQ:GPRO) VP Eve T. Saltman sold 14,669 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.46, for a total transaction of $65,423.74. Following the sale, the vice president now owns 120,388 shares in the company, valued at $536,930.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ GPRO opened at $4.59 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.14 and a current ratio of 1.33. The company has a market cap of $710.48 million, a P/E ratio of -9.98, a P/E/G ratio of 5.76 and a beta of 0.86. GoPro Inc has a 52-week low of $3.25 and a 52-week high of $7.64. The firm’s fifty day moving average is $4.19 and its two-hundred day moving average is $5.06.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.06. The business had revenue of $131.00 million for the quarter, compared to the consensus estimate of $126.36 million. GoPro had a negative net margin of 7.55% and a negative return on equity of 32.29%. The company’s revenue was down 54.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. As a group, analysts forecast that GoPro Inc will post 0.08 EPS for the current fiscal year.

Several analysts have recently commented on GPRO shares. Wedbush restated a “hold” rating and set a $4.50 price objective on shares of GoPro in a research report on Thursday, October 31st. BidaskClub upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Zacks Investment Research downgraded shares of GoPro from a “hold” rating to a “strong sell” rating and set a $3.50 price objective on the stock. in a research report on Friday, October 4th. Morgan Stanley decreased their price objective on shares of GoPro from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, October 3rd. Finally, ValuEngine upgraded shares of GoPro from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. acquired a new stake in shares of GoPro in the second quarter valued at about $55,000. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of GoPro in the second quarter valued at about $64,000. Fox Run Management L.L.C. acquired a new stake in shares of GoPro in the second quarter valued at about $110,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of GoPro in the second quarter valued at about $132,000. Finally, Versant Capital Management Inc raised its position in shares of GoPro by 21.1% in the second quarter. Versant Capital Management Inc now owns 25,189 shares of the company’s stock valued at $137,000 after buying an additional 4,396 shares during the last quarter. Institutional investors and hedge funds own 49.49% of the company’s stock.

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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