November 2, 2017
GoPro is set to launch its Fusion 360-degree spherical camera at the end of November. If the published price targets set by GoPro, Inc. analysts have any power to influence the stock’s share price, the highest price target set for GPRO is $15. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $13.70.
The company surged 0.87% and closed its last trading session at $10.34. The stock rebounded a bit and is now hovering around a 9 percent drop. The firm’s market cap is $1.45 billion. That’s down from its daily average of 6.84 million contracts.
Looking forward, the company’s quarterly earnings are expected to come at -$0.13 in the three months through September 2017 and -$0.09 in the quarter ending December 2017, reflecting -23.53% and -43.75% growth, respectively. The return on assets stands at -44.3%, Return on Equity now is -88.5% and the Return on Investment value is -93.3%. This didn’t gel well with investors given analyst expectations that the company would be hitting $0.57 on $521.2M in revenue. During the same quarter in the previous year, the business earned $0.25 earnings per share. Analysts had predicted -$0.25.
While many were hoping that GoPro’s efforts to turn the company around would continue with its Q3 earnings release today, Wall Street did not like what they saw sending GoPro’s stock diving as much as 12 percent after-hours. Stock’s twelve month price oscillated between $14.04 and $7.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $11.00, for a total value of $274,098.00. The disclosure for this sale can be found here.
Shares of WPX Energy, Inc. Insiders own 28.58% of the company’s stock. AQR Capital Management LLC boosted its stake in shares of GoPro by 60.1% in the second quarter. Following the transaction, the director now directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The shares went down by -6.21% in value last month. BlackRock Institutional Trust Company N.A. boosted its stake in shares of GoPro by 17.5% in the third quarter.