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.

Sturm, Ruger & Company, Inc. (RGR)- Bullish Movers Gaining Investors Attention
OxFORD Asset Management LLP boosted its stake in shares of Sturm Ruger & Company Inc by 3,882.4% in the third quarter. (NYSE:RGR). A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

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.


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