GoPro not faring well at stock market; garners ‘underperform’ rating
GoPro Inc (NASDAQ:GPRO) hasn’t been faring well on the stock markets lately with Raymond James Financial, Inc. reaffirming its underperform rating on shares of GoPro Inc (NASDAQ:GPRO).
The report was issued today and is in line with the reports issued by other research analysts across the US. Piper Jaffray Companies also gave a sell rating in February. Barclays PLC reissued an equal weight rating and issued a $10.00 price objective on shares of GoPro in a research note on Friday.
Oppenheimer Holdings Inc., Robert W. Baird, and Wedbush have all reissued their own ratings for the GoPro shares and none of them have anything great to say about the camera and imaging company. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
GoPro (NASDAQ:GPRO) traded up 0.71% on Friday, reaching $8.57. The company’s stock had a trading volume of 6,284,038 shares. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68. The firm’s market cap is $1.22 billion. The firm’s 50 day moving average is $9.09 and its 200-day moving average is $11.18.
In other news, Director Michael E. Marks sold 30,000 shares of GoPro stock in a transaction on Friday, February 17th. The shares were sold at an average price of $9.22, for a total transaction of $276,600.00. Following the transaction, the director now owns 35,401 shares in the company, valued at $326,397.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony John Bates sold 41,077 shares of GoPro stock in a transaction on Monday, March 6th. The stock was sold at an average price of $8.19, for a total transaction of $336,420.63. Following the transaction, the director now owns 208,617 shares in the company, valued at approximately $1,708,573.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,668 shares of company stock worth $738,432. 28.69% of the stock is owned by company insiders.