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GoPro, Inc. (GPRO) Receives "Buy" Rating from JP Morgan Chase & Co

GoPro, Inc. (GPRO) Receives

Vetr upgraded GoPro from a "buy" rating to a "strong-buy" rating and set a $9.67 target price on the stock in a research report on Friday, April 14th. Zacks Investment Research lowered GoPro from a "buy" rating to a "hold" rating in a research note on Tuesday, May 16th. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. (NASDAQ:GPRO). According to First Call, the current consensus target price on shares is sitting at $8.46. Northern Trust Corporation has invested 0% of its portfolio in GoPro Inc (NASDAQ:GPRO). 21,814,450 shares of the stock traded hands.

Shares of GoPro (NASDAQ:GPRO) opened at 8.26 on Friday.

GoPro has with a one year low of $7.14 and a one year high of $17.68 and has a market capitalization of $0. GoPro Inc (NASDAQ:GPRO) has declined 3.73% since August 4, 2016 and is downtrending. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 34.63% and a negative return on equity of 49.75%.

Quarterly revenue increased 34% year over year to $296.5 million - well above guidance provided last quarter for a range of $260 million to $280 million - helped by an 18% sequential increase in global sell-through of cameras. The company was downgraded on Wednesday, November 9 by Raymond James. Equities analysts forecast that GoPro will post ($0.12) EPS for the current fiscal year.

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In other GoPro news, Director Anthony John Bates sold 41,076 shares of the firm's stock in a transaction dated Tuesday, June 6th. The General American Investors Company Inc holds 241,326 shares with $8.64 million value, down from 375,026 last quarter. Following the transaction, the director now directly owns 142,011 shares of the company's stock, valued at $1,205,673.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Large investors have recently modified their holdings of the stock.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) shares traded 2.86% up during most recent session to reach at the closing price of $8.26. Vanguard Group Inc. now owns 6,649,654 shares of the company's stock worth $57,851,000 after buying an additional 335,744 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of GoPro by 2.3% in the second quarter. Stifel Financial Corp boosted its stake in shares of GoPro by 1.5% in the first quarter. The stock had a trading volume of 11,923,704 shares. Financial Architects Inc now owns 15,200 shares of the company's stock valued at $132,000 after buying an additional 2,000 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of GoPro by 0.9% in the first quarter. MUFG Securities EMEA plc now owns 90,714 shares of the company's stock worth $789,000 after buying an additional 92,005 shares during the last quarter. Stifel Financial Corp now owns 58,530 shares of the company's stock worth $511,000 after buying an additional 865 shares during the period.

The company had launched QuikStories on July 27th which is the new GoPro app feature automatically pulls footage from a HERO5 camera and creates ready-to-share videos on your phone.


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