Key Points
- GoPro SVP Jason Christopher Stephen sold 16,894 shares on May 18 at an average price of $1.11, a transaction worth about $18,752. The sale was made under a pre-arranged 10b5-1 plan to cover tax withholding from vested equity awards.
- GoPro’s latest earnings missed expectations, with quarterly EPS of -$0.35 versus the consensus estimate of -$0.03 and revenue of $99.07 million versus the expected $137.54 million. The company also reported weak profitability metrics, including a negative net margin and return on equity.
- Analyst sentiment remains negative, with recent downgrades from Wall Street Zen and Weiss Ratings and a consensus rating of “Sell” from MarketBeat data. The stock was down 6.5% and has traded between $0.57 and $3.05 over the past year.
GoPro, Inc. (NASDAQ:GPRO - Get Free Report) SVP Jason Christopher Stephen sold 16,894 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1.11, for a total value of $18,752.34. Following the completion of the sale, the senior vice president owned 381,324 shares of the company's stock, valued at $423,269.64. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jason Christopher Stephen also recently made the following trade(s):
- On Wednesday, February 18th, Jason Christopher Stephen sold 5,393 shares of GoPro stock. The shares were sold at an average price of $0.80, for a total value of $4,314.40.
GoPro Stock Down 6.5%
GPRO stock opened at $1.00 on Wednesday. The business has a 50-day moving average of $0.99 and a 200-day moving average of $1.24. GoPro, Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $3.05. The stock has a market capitalization of $164.16 million, a P/E ratio of -1.27 and a beta of 2.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.38.
GoPro (NASDAQ:GPRO - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.32). GoPro had a negative net margin of 20.70% and a negative return on equity of 161.44%. The business had revenue of $99.07 million during the quarter, compared to analyst estimates of $137.54 million. On average, sell-side analysts anticipate that GoPro, Inc. will post -0.04 earnings per share for the current fiscal year.
Analyst Ratings Changes
GPRO has been the topic of several analyst reports. Wall Street Zen lowered GoPro from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings downgraded GoPro from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GoPro has a consensus rating of "Sell".
View Our Latest Stock Analysis on GoPro
Hedge Funds Weigh In On GoPro
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in GoPro by 16.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,278,484 shares of the company's stock worth $10,263,000 after buying an additional 1,013,494 shares during the last quarter. UBS Group AG lifted its position in shares of GoPro by 168.6% in the fourth quarter. UBS Group AG now owns 3,781,516 shares of the company's stock valued at $5,332,000 after buying an additional 2,373,901 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of GoPro by 957.3% in the first quarter. AQR Capital Management LLC now owns 3,687,711 shares of the company's stock valued at $2,445,000 after buying an additional 3,338,941 shares during the last quarter. Millennium Management LLC boosted its stake in shares of GoPro by 111.9% during the 4th quarter. Millennium Management LLC now owns 3,438,671 shares of the company's stock worth $4,849,000 after acquiring an additional 1,815,637 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of GoPro by 59.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,101,691 shares of the company's stock worth $4,456,000 after acquiring an additional 781,426 shares during the last quarter. Institutional investors own 70.09% of the company's stock.
GoPro Company Profile
(
Get Free Report)
GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro's product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.
Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.
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