GoPro, Inc. (GPRO) Updates Q4 Earnings Guidance

A number of research firms recently weighed in on GPRO. Currently, 29.0% of the shares of the company are short sold.

According to analysts Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s minimum EPS for the current quarter is at $-0.04 and can go high up to $0.05. Finally, Nomura Holdings Inc. raised its stake in shares of GoPro by 5.4% during the 2nd quarter. Swiss National Bank now owns 145,600 shares of the company's stock worth $1,267,000 after acquiring an additional 5,500 shares in the last quarter. BlackRock Fund Advisors raised its position in GoPro by 286.7% in the second quarter. Nationwide Fund Advisors now owns 111,160 shares of the company's stock valued at $904,000 after purchasing an additional 900 shares during the last quarter. Swiss National Bank lifted its stake in GoPro by 3.9% during the 1st quarter. Ameriprise Financial Inc. now owns 831,346 shares of the company's stock worth $13,867,000 after buying an additional 789,138 shares in the last quarter. LLC bought a new stake in shares of GoPro during the 3rd quarter worth $122,000.

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GoPro (NASDAQ:GPRO) opened at 9.98 on Friday. Parametric Portfolio Associates LLC now owns 49,887 shares of the company's stock worth $434,000 after acquiring an additional 10,264 shares in the last quarter. Institutional investors and hedge funds own 24.26% of the company's stock.

In other GoPro news, Director Anthony John Bates sold 25,529 shares of the stock in a transaction that occurred on Thursday, September 7th. Its book value per share for the most recent quarter is $2.3 while its price to book ratio for the same period is 4.17, as for as the company's cash per share for the most recent quarter is $1.05, however its price to cash per share ratio for the same period is 9.12. Following the transaction, the director now owns 116,482 shares in the company, valued at $1,184,621.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Charles J. Prober sold 24,918 shares of the stock in a transaction dated Monday, September 11th. Following the transaction, the chief operating officer now directly owns 148,493 shares in the company, valued at approximately $1,633,423. The disclosure for this sale can be found here. Insiders own 28.58% of the company's stock. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of global copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/04/gopro-inc-gpro-price-target-raised-to-9-00.html. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.20. The business earned $240.57 million during the quarter, compared to analysts' expectations of $315.89 million. GoPro had a negative return on equity of 15.53% and a negative net margin of 17.52%. The business's quarterly revenue was up 34.3% compared to the same quarter past year. Goldman Sachs Group, Inc. Vetr upgraded shares of GoPro from a sell rating to a strong-buy rating and set a $11.55 target price on the stock in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of GoPro from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Wednesday, October 4th. Oppenheimer Holdings Inc. reaffirmed a " rating on shares of GoPro in a research report on Thursday, July 28th. Finally, Longbow Research raised shares of GoPro from a neutral rating to a buy rating and upped their price target for the company from $9.60 to $13.00 in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

Medtronic PLC (MDT) Position Lifted by Norinchukin Bank The
With 24,300 avg volume, 2 days are for Elbit Systems Incorporated (NASDAQ:ESLT)'s short sellers to cover ESLT's short positions. BidaskClub downgraded shares of Medtronic PLC from a "hold" rating to a "sell" rating in a report on Saturday, August 26th.

Gopro Inc Cl A Cmn (NASDAQ:GPRO) shares traded -10.22% down during most recent session to reach at the closing price of $9.58.

TRADEMARK VIOLATION NOTICE: "GoPro, Inc". The Company's product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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