With issues pertaining to market size and potential market saturation, highlighted in research reports from analysts covering GoPro on Tuesday, investors have taken the view that the long-term outlook for GoPro is perhaps not as bright as once thought. Zacks Investment Research raised GoPro from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Wednesday, October 4th. Dougherty & Co reissued a "neutral" rating on shares of GoPro in a research report on Wednesday, October 5th. Longbow Research raised GoPro from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.60 to $13.00 in a research report on Wednesday, October 18th. Technical indicators, collectively called "technicals", are distinguished by the fact that they do not analyze any part of the fundamental business, like earnings, revenue and profit margins. GoPro now has an average rating of Hold and an average price target of $8.74. GoPro shares last traded at $6.01, with a volume of 4373025 shares trading hands. 4,010,323 shares of the company's stock traded hands, compared to its average volume of 13,219,250.
The company now has an insider ownership of 0.3 Percent and Institutional ownership of 36.8 Percent. The stock has a market cap of $883.05, a PE ratio of -3.52, a PEG ratio of 8.36 and a beta of 0.53. In the past 6-year record, this ratio went down as low as 0.58 and as high as 8.35. Also, President Anthony John Bates sold 7,434 shares of the business's stock in a transaction dated Tuesday, December 6th. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Following the sale, the director now owns 99,459 shares in the company, valued at approximately $793,682.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
In other news, CEO Nicholas Woodman sold 515,000 shares of the firm's stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $9.02, for a total transaction of $1,491,393.86. The disclosure for this sale can be found here. During last 3 month period, -0.10% of total institutional ownership has changed in the company shares.
The Price to book ratio is the current share price of a company divided by the book value per share.
Large investors have recently added to or reduced their stakes in the stock. Argent Capital Management LLC acquired a new position in GoPro during the 3rd quarter worth $1,028,000. Swiss National Bank grew its stake in GoPro by 14.5% during the 2nd quarter. Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s price to sales ratio for trailing twelve month stands at 0.65, whereas its price to book ratio for the most recent quarters is at 2.47. NEXT Financial Group Inc now owns 7,175 shares of the company's stock worth $120,000 after buying an additional 3,040 shares during the last quarter. Wells Fargo & Company MN now owns 292,349 shares of the company's stock valued at $2,376,000 after buying an additional 212,486 shares in the last quarter. Teachers Advisors LLC now owns 193,410 shares of the company's stock valued at $1,572,000 after purchasing an additional 16,243 shares during the last quarter. The direction of this stock is getting Weakest.This is an indicator for investors to know whether the stock is heading towards a Buy or Sell, or whether the Hold is advancing towards a Buy or a Sell.
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GoPro develops and sells mountable and wearable cameras and accessories. The Company's product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.