GoPro (NASDAQ:GPRO) Reports Earnings, Beats Expectations by $0.03 EPS

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GoPro (NASDAQ:GPRO – Get Rating) announced its results on Thursday. The company reported earnings per share (EPS) of $0.09 for the quarter, beating consensus analyst estimates of $0.06 by $0.03, MarketWatch Earnings reports. GoPro had a return on equity of 27.54% and a net margin of 31.97%. The company posted revenue of $217.00 million for the quarter, versus analyst estimates of $217.00 million. In the same quarter last year, the company achieved EPS of ($0.03). GoPro’s revenue for the quarter increased 6.4% compared to the same quarter last year.

Shares of NASDAQ:GPRO traded at $1.60 during Friday trading, hitting $7.15. 7,180,563 shares of the company were traded, with an average volume of 2,268,805. The stock has a market capitalization of $1.12 billion, a price-earnings ratio of 3.00 and a beta of 1, 04. GoPro has a fifty-two week minimum of $6.86 and a fifty-two week maximum of $12.97. The company has a fifty-day moving average price of $8.42 and a two-hundred-day moving average price of $9.32. The company has a current ratio of 1.65, a quick ratio of 1.46 and a debt ratio of 0.18.

In other news, SVP S Aimee Lapic sold 30,642 GoPro shares in a trade that took place on Wednesday, April 20. The stock was sold at an average price of $9.00, for a total transaction of $275,778.00. Following the completion of the transaction, the senior vice president now directly owns 301,045 shares of the company, valued at approximately $2,709,405. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CEO Nicholas Woodman sold 37,162 GoPro shares in a trade that took place on Thursday, March 17. The stock was sold at an average price of $8.00, for a total value of $297,296.00. The disclosure of this sale can be found here. Insiders sold a total of 267,804 shares of the company worth $2,207,074 in the past ninety days. Insiders hold 19.54% of the shares of the company.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in GPRO. BlackRock Inc. increased its stake in GoPro by 10.3% in Q4. BlackRock Inc. now owns 11,721,353 shares of the company valued at $120,846,000 after purchasing an additional 1,090,720 shares during the period. Morgan Stanley increased its stake in GoPro by 16.7% in the second quarter. Morgan Stanley now owns 1,668,763 shares of the company valued at $19,440,000 after acquiring 238,539 additional shares last quarter. Cubist Systematic Strategies LLC increased its stake in GoPro by 67.3% in Q4. Cubist Systematic Strategies LLC now owns 239,332 shares of the company valued at $2,468,000 after acquiring an additional 96,309 shares last quarter. Credit Suisse AG increased its stake in GoPro by 75.6% in the fourth quarter. Credit Suisse AG now owns 201,161 shares of the company valued at $2,073,000 after acquiring an additional 86,615 shares last quarter. Finally, State Street Corp increased its stake in GoPro by 2.3% in the 4th quarter. State Street Corp now owns 2,460,735 shares of the company valued at $25,370,000 after acquiring an additional 54,587 shares in the last quarter. Institutional investors and hedge funds hold 78.36% of the company’s shares.

A number of equity research analysts have recently released reports on the company. StockNews.com supported GoPro’s coverage in a research report on Thursday, March 31. They issued a “buy” rating on the stock. Jefferies Financial Group supported GoPro coverage in a research report on Monday, February 28. They issued a “buy” rating and a target price of $12.00 on the stock. Finally, Citigroup lowered its target price on GoPro from $9.00 to $8.00 in a research report on Friday. One equity research analyst gave the stock a hold rating and four gave the company’s stock a buy rating. According to MarketBeat.com, the stock has an average buy rating and a consensus target price of $11.90.

GoPro Company Profile (Get a rating)

GoPro, Inc develops and sells cameras, mountable and wearable accessories, as well as subscription services and software in the United States and around the world. The company offers waterproof HERO10 Black, HERO9 Black, and cloud-connected HERO8 Black cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting video and photo source quality, camera replacement, and damage protection; The Quik subscription provides access to editing tools, which allow users to edit photos, videos and create cinematic stories; and the Quik app, a mobile app that lets users get their favorite photos and videos with images from any phone or camera.

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Earnings History for GoPro (NASDAQ: GPRO)



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