Short Term Price Target on GoPro (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.

GoPro, Inc. has dropped 4.51% in the last five trading days, however, the shares have posted positive gains of 4.75% in the last 4 weeks. GoPro, Inc. has dropped 7.92% during the last 3-month period . Year-to-Date the stock performance stands at -39.98%. Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 14, 2016.

GoPro (NASDAQ:GPRO) : Zacks Investment Research ranks GoPro (NASDAQ:GPRO) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.65, which indicates as a Hold.

GoPro (NASDAQ:GPRO): The stock was completely flat for the day, closing at $10.81 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $10.70, the stock touched an intraday high of $10.88 and a low of $10.32. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.81. The total trading volume on Thursday was 5,661,176.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President) of Gopro, Inc., Bates Anthony John had sold 9,704 shares worth of $104,706 in a transaction dated June 6, 2016. In this transaction, 9,704 shares were sold at $10.79 per share.

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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