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GoPro (NASDAQ: GPRO) updated its earnings guidance for the third quarter of 2021 on Friday. The company provided earnings per share (EPS) guidance of $ 0.170 to $ 0.210 for the period, compared to the estimate. Thomson Reuters consensus of $ 0.170. The company has released a revenue forecast of $ 285 million to $ 295 million, compared to the consensus revenue estimate of $ 287.90 million. GoPro has also updated its FY2021 forecast on BPA.
Separately, Morgan Stanley raised its price target on GoPro from $ 7.90 to $ 8.90 and put the stock underweight in a research report published on Friday, May 7.
GPRO stock opened at $ 10.07 on Friday. GoPro has a twelve-month low of $ 3.74 and a twelve-month high of $ 13.79. The company has a market cap of $ 1.54 billion, a P / E ratio of -91.55 and a beta of 1.19. The company’s 50-day moving average price is $ 11.04. The company has a current ratio of 2.39, a quick ratio of 1.86, and a debt ratio of 1.05.
GoPro (NASDAQ: GPRO) last reported its quarterly results on Thursday, May 6. The company reported EPS of $ 0.03 for the quarter, beating analyst consensus estimates of $ 0.06 by $ 0.09. The company posted revenue of $ 203.68 million in the quarter, compared to analysts’ expectations of $ 186.72 million. GoPro had a negative net margin of 1.38% and a positive return on equity of 21.47%. The company’s revenue for the quarter increased 70.6% compared to the same quarter last year. In the same quarter of last year, the company made earnings per share ($ 0.34). Research analysts predict GoPro will post 0.41 EPS for the current fiscal year.
In other news, CEO Nicholas Woodman sold 200,000 GoPro shares in a trade that took place on Thursday, June 24. The shares were sold for an average price of $ 11.44, for a total value of $ 2,288,000.00. Following the completion of the transaction, the CEO now holds 662,282 shares of the company, valued at $ 7,576,506.08. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this hyperlink. Additionally, Vice President Dean Jahnke sold 24,555 GoPro shares in a trade that took place on Monday, May 10. The shares were sold at an average price of $ 10.64, for a total trade of $ 261,265.20. After the transaction closes, the Vice President now owns 255,483 shares of the company, valued at approximately $ 2,718,339.12. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 498,197 shares of the company valued at $ 5,337,487. Company insiders own 19.54% of the company’s shares.
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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.
Further reading: growth actions
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