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Wall Street brokerages expect GoPro, Inc. (NASDAQ: GPRO) to report earnings per share (EPS) of $ 0.20 for the current quarter, Zacks reports. Three analysts have made estimates for GoPro’s earnings. The lowest EPS estimate is $ 0.18 and the highest is $ 0.21. GoPro also reported earnings of $ 0.20 per share in the same quarter last year. The company is expected to report its next results on Thursday, November 4.
According to Zacks, analysts expect GoPro to report annual profit of $ 0.75 per share for the current year, with EPS estimates ranging from $ 0.70 to $ 0.78. For the next fiscal year, analysts predict the company will post earnings of $ 0.88 per share, with EPS estimates ranging from $ 0.76 to $ 1.10. Zacks Investment Research earnings per share averages are an average based on a survey of analysts who follow GoPro.
GoPro (NASDAQ: GPRO) last released its results on Thursday, August 5. The company reported earnings per share of $ 0.07 for the quarter, beating the Zacks’ consensus estimate of ($ 0.02) by $ 0.09. The company posted revenue of $ 249.59 million in the quarter, compared to analysts’ estimates of $ 233.01 million. GoPro had a net margin of 4.99% and a return on equity of 42.17%.
Separately, Wedbush reissued a “hold†note and set a target price of $ 12.00 for GoPro shares in a research report on Friday, August 6. Two analysts gave the stock a sell rating and two gave the company a conservation rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold†and an average target price of $ 8.10.
GoPro stock traded down $ 0.07 on Friday, hitting $ 9.78. 1,701,154 shares were traded, for an average volume of 4,364,679. The stock has a market cap of $ 1.51 billion, a PE ratio of 29.64 and a beta of 1.20. The company has a current ratio of 1.56, a quick ratio of 1.25, and a debt ratio of 0.45. GoPro has a twelve-month low of $ 4.09 and a twelve-month high of $ 13.79. The company has a fifty-day moving average price of $ 10.02 and a two hundred-day moving average price of $ 10.85.
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In addition, CEO Nicholas Woodman sold 200,000 shares of the company in a transaction dated Monday, July 26. The shares were sold for an average price of $ 10.22, for a total value of $ 2,044,000.00. As a result of the sale, the CEO now owns 662,282 shares of the company, valued at $ 6,768,522.04. The transaction was disclosed in a legal file with the SEC, accessible through this hyperlink. In addition, SVP S Aimee Lapic sold 4,836 shares of the company in a transaction dated Thursday, July 15. The shares were sold at an average price of $ 10.25, for a total trade of $ 49,569. Following the closing of the sale, the Senior Vice President now directly owns 275,254 shares of the company, valued at approximately $ 2,821,353.50. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 474,390 shares of the company valued at $ 4,825,280. Insiders own 19.54% of the company’s shares.
A number of hedge funds and other institutional investors have recently bought and sold shares. Marshall Wace LLP purchased a new stake in GoPro during the first quarter valued at approximately $ 282,000. Dimensional Fund Advisors LP increased its stake in GoPro by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,720 shares of the company valued at $ 8,650,000 after purchasing an additional 7,396 shares in the last quarter. Alliancebernstein LP increased its stake in GoPro by 68.4% in the first quarter. Alliancebernstein LP now owns 238,300 shares of the company valued at $ 2,774,000 after purchasing an additional 96,800 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in GoPro by 5.6% during the first quarter. BNP Paribas Arbitrage SA now owns 166,007 shares of the company valued at $ 1,932,000 after purchasing an additional 8,833 shares during the last quarter. Finally, BlackRock Inc. increased its stake in GoPro by 4.5% during the first quarter. BlackRock Inc. now owns 8,953,496 shares of the company valued at $ 104,219,000 after purchasing an additional 385,940 shares during the last quarter. 61.48% of the shares are currently held by institutional investors and hedge funds.
GoPro Company Profile
GoPro, Inc is engaged in the manufacture and sale of cameras and camera accessories. The company provides mountable and portable cameras and accessories, which it calls capture devices. Its product brands include HERO9 Black, HERO8 Black, Max, HERO7 Black, HERO7 Silver, GoPro Plus, and GoPro App. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, California.
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