GoPro (GPRO) Getting Somewhat Critical News Coverage, Study Shows
Headlines about GoPro (NASDAQ:GPRO) have trended somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. GoPro earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.2919275013048 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Analysts Alert: Gopro Inc Cl A Cmn (GPRO) – ExpertGazette (expertgazette.com)
- Are These Just A Random Activities? GoPro, Inc. (GPRO), AMFA Financial, Inc. (MFA) – Market Movers (financialqz.com)
- Glancy Prongay & Murray LLP Commences Investigation on Behalf of GoPro, Inc. Investors (GPRO) – Business Wire (press release) (businesswire.com)
- INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in GoPro, Inc. to Contact Brower Piven before the Lead Plaintiff … (businesswire.com)
- Analysts Anticipate GoPro Inc (GPRO) Will Post Quarterly Sales of $340.20 Million (americanbankingnews.com)
GPRO has been the topic of a number of recent research reports. Oppenheimer restated a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Zacks Investment Research downgraded GoPro from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Wedbush restated a “neutral” rating and set a $10.00 price objective (down from $11.48) on shares of GoPro in a research report on Friday, September 29th. Dougherty & Co restated a “sell” rating and set a $4.00 price objective (down from $7.00) on shares of GoPro in a research report on Tuesday, January 9th. Finally, Citigroup decreased their price objective on GoPro to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. GoPro currently has an average rating of “Hold” and an average price target of $8.74.
GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, November 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. GoPro had a negative return on equity of 15.90% and a negative net margin of 17.52%. sell-side analysts expect that GoPro will post -0.87 EPS for the current year.
In related news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total value of $135,843.54. Following the transaction, the director now owns 99,459 shares of the company’s stock, valued at $793,682.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas Woodman sold 515,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total value of $4,789,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 704,907 shares of company stock worth $6,478,800. Insiders own 28.58% of the company’s stock.
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GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. 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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