Economy

GoPro (GPRO) Rating Lowered to Neutral at Longbow Research

GoPro (GPRO) Rating Lowered to Neutral at Longbow Research

4,010,323 shares of the company's stock traded hands, compared to its average volume of 13,219,250. Wedbush has a "Neutral" rating and a $6.00 price objective on the stock. Average estimation for the current quarter has been provided by 0 analysts.

Several other research firms have also recently issued reports on GPRO. Pacific Crest reaffirmed an "equal weight" rating on shares of GoPro in a research report on Monday, October 17th. Oppenheimer reissued a "hold" rating on shares of GoPro in a research report on Friday, September 29th. Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.41. Finally, Bank of America upped their price target on shares of GoPro from $8.00 to $9.00 and gave the company an "underperform" rating in a research note on Tuesday, October 31st. The stock was sold at an average price of $8.23, for a total transaction of $62,062.43. GoPro shares last traded at $6.01, with a volume of 4373025 shares trading hands. GoPro has a one year low of $5.04 and a one year high of $11.89. The company has a market capitalization of $906.43, a P/E ratio of -3.63, a price-to-earnings-growth ratio of 8.36 and a beta of 0.53.

The company now has an insider ownership of 0.3 Percent and Institutional ownership of 36.8 Percent. Hedge funds and other institutional investors own 26.07% of the company's stock.

According to analysts Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s minimum EPS for the current quarter is at $-0.3 and can go high up to $0.44. Commerzbank Aktiengesellschaft FI raised its holdings in GoPro by 27.5% during the third quarter. Capital Fund Management S.A. now owns 456,870 shares of the company's stock worth $3,714,000 after buying an additional 352,740 shares during the period. Wells Fargo & Company MN raised its position in shares of GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company's stock worth $2,376,000 after purchasing an additional 212,486 shares in the last quarter.

Xunlei (NASDAQ:XNET) Downgraded by BidaskClub
BidaskClub lowered shares of Xunlei from a "buy" rating to a "hold" rating in a research note on Wednesday, December 20th. Finally, TheStreet raised Xunlei from a "d+" rating to a "c-" rating in a research report on Monday, November 13th.

GoPro earlier said revenue fell nearly 40% in the fourth quarter to $340m compared to the same period in 2016. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company's stock worth $4,528,000 after purchasing an additional 101,157 shares in the last quarter. Argent Capital Management LLC bought a new stake in GoPro during the third quarter worth approximately $1,028,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Anthony John Bates sold 7,434 shares of the business's stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $7.98, for a total transaction of $135,843.54. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The disclosure for this sale can be found here.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -30.33%, and has a solid year to date (YTD) performance of -18.76% which means that the stock is constantly adding to its value from the previous fiscal year end price. This works out to a net increase in ownership of 2.81 million shares, and suggests that institutions are feeling bullish about the stock.

TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the property of of TrueBlueTribune.

GoPro, Inc produces mountable and wearable cameras (capture devices) and accessories.


  • Trump Refers to Haiti and African Countries as 'S--thole' Nations

    Trump Refers to Haiti and African Countries as 'S--thole' Nations

    In a series of tweets Friday, Trump said he used " tough " language but that he "never said anything derogatory " about Haitians. Durbin and South Carolina Sen. 'The President and all those attending the meeting know what I said and how I feel .
    MSU trustee, ex-football player Mitch Lyons charged with misdemeanor assault

    MSU trustee, ex-football player Mitch Lyons charged with misdemeanor assault

    Lyons, attended MSU on a football scholarship and went on to play in the NFL from 1993 to 1999. Lyons, 47, is a Republican from the Grand Rapids area in western MI .
    PPO Above Signal on Shares of Ishares Convertible Bond ETF (ICVT)

    PPO Above Signal on Shares of Ishares Convertible Bond ETF (ICVT)

    Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Aggregate Bond Etf (BMV:AGG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC.
  • Three suspected militants shot dead in raid in Bangladesh

    Three suspected militants shot dead in raid in Bangladesh

    The operation was carried out in Tejgaon area following information that some of the suspects were staying in a rented apartment. Mufti Mahmud Khan, a spokesman for the RAB, explained that arms and explosives were seized after the clash.
    Days After Humiliating Kulbhushan Jadhav's Family, Pakistan Releases His New Doctored Video

    Days After Humiliating Kulbhushan Jadhav's Family, Pakistan Releases His New Doctored Video

    India had slammed Pakistan following the tightly-controlled meeting , accusing Pakistan of harassing Mr Jadhav's mother and wife. Pakistan had then said that it had permitted the meeting as a humanitarian gesture on the birthday of Muhammad Ali Jinnah.
    Changes in Facebook may affect Facebook businesses, users

    Changes in Facebook may affect Facebook businesses, users

    Visiting our Facebook page, rather than letting the News Feed serve our content to you, is a good way to keep up with us. While Facebook has made plenty of changes to its news feed algorithm in the past, he said, this time might be different.
  • IRS Publishes 2018 Withholding Tables

    IRS Publishes 2018 Withholding Tables

    These tax changes are all scheduled to expire after 2025, though Republicans have said they want to make them permanent. There are also new limits on the mortgage interest deduction, and the child tax credit was expanded.
    Microsoft, Amazon, and Google React To Flaws Found In Intel Chips

    Microsoft, Amazon, and Google React To Flaws Found In Intel Chips

    This means that all mobile devices that use ARM architecture (and that's pretty much all of them) are now in danger of attack. Meltdown was detected by researchers working for Google Project Zero , and was reported to Intel in June past year .
    Flood Watch Issued in West Virginia with Approaching Storm

    Flood Watch Issued in West Virginia with Approaching Storm

    This rapid change to colder temperatures means many will see rain change to freezing rain , then sleet and finally snow. Hazardous travel is expected due to ice and snow with a higher impact in areas under the Winter Storm Warning .
  • John Fogerty takes aim at 'Proud Mary' for using his song title

    John Fogerty takes aim at 'Proud Mary' for using his song title

    He also maintained that the meaning behind the song was "f$3 ar from a story about killing people for money". On Thursday, the Rock & Roll Hall of Famer took to Twitter to complain in a lengthy statement.

    Michael Kors Holdings Limited (KORS) Analysts See $1.26 EPS

    The stock has a market capitalization of $9,720.00, a price-to-earnings ratio of 17.81, a PEG ratio of 2.15 and a beta of 0.12. JP Morgan downgraded Grupo Financiero Santander México, S.A.B.de C.V. (NYSE:BSMX) on Thursday, August 4 to "Neutral" rating.

    Just How Negative is Susquehanna Following Their Downgrade of Under Armour (UAA)?

    BlackRock Inc. acquired a new position in shares of Under Armour in the second quarter valued at approximately $238,861,000. Several institutional investors and hedge funds have recently added to or reduced their stakes in the company.