GoPro (GPRO) : Zacks Investment Research ranks GoPro (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 (GPRO) stock is expected to deviate a maximum of $4.26 from the average target price of $12.82 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $7.
Company shares have received an average consensus rating of Hold for the current week GoPro (NASDAQ:GPRO): The stock opened at $14.35 on Thursday but the bulls could not build on the opening and the stock topped out at $14.36 for the day. The stock traded down to $13.96 during the day, due to lack of any buying support eventually closed down at $13.97 with a loss of -1.20% for the day. The stock had closed at $14.14 on the previous day. The total traded volume was 5,203,683 shares.
In a related news,The director officer (President) of Gopro, Inc., Bates Anthony John sold 9,704 shares at $10.79 on June 6, 2016. The Insider selling transaction had a total value worth of $104,706. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.