Price Target Update on GoPro (NASDAQ:GPRO)

GoPro (NASDAQ:GPRO) : The most positive equity analysts on GoPro (NASDAQ:GPRO) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $12.68 with an expected fluctuation of $4.22 from the mean.

Other Equity analysts have also commented on the company shares. Longbow Research initiates coverage on GoPro (NASDAQ:GPRO). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 14, 2016.

GoPro (NASDAQ:GPRO): stock turned positive on Thursday. Though the stock opened at $11.26, the bulls momentum made the stock top out at $11.4 level for the day. The stock recorded a low of $11.15 and closed the trading day at $11.32, in the green by 1.98%. The total traded volume for the day was 4,479,373. The stock had closed at $11.1 in the previous days trading.

The company shares have dropped -80.50% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $65.49 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $10.08 and the 200 Day Moving Average price is recorded at $12.62. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Bates Anthony John, director officer (President) of Gopro, Inc., had unloaded 9,704 shares at an average price of $10.79 in a transaction dated on June 6, 2016. The total value of the transaction was worth $104,706.

GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Companys Website.

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