Equities analysts predict that GoPro Inc (NASDAQ:GPRO) will report earnings per share of ($0.09) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for GoPro’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.13). GoPro reported earnings of ($0.34) per share during the same quarter last year, which would suggest a positive year over year growth rate of 73.5%. The business is expected to report its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that GoPro will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.19 to $0.34. For the next fiscal year, analysts anticipate that the business will post earnings of $0.32 per share, with EPS estimates ranging from $0.12 to $0.45. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The firm had revenue of $377.38 million during the quarter, compared to analyst estimates of $374.28 million. During the same quarter in the prior year, the business posted ($0.30) earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year.

Several research analysts recently issued reports on GPRO shares. BidaskClub raised shares of GoPro from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Wedbush reissued a “neutral” rating and issued a $6.00 price target on shares of GoPro in a research report on Thursday, January 31st. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.53.

In other news, CFO Brian Mcgee sold 19,526 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total transaction of $117,937.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicholas Woodman sold 1,400,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $5.94, for a total transaction of $8,316,000.00. The disclosure for this sale can be found here. Company insiders own 26.61% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new stake in shares of GoPro during the fourth quarter valued at approximately $44,000. Blueshift Asset Management LLC bought a new stake in shares of GoPro during the fourth quarter valued at approximately $47,000. Versant Capital Management Inc grew its stake in shares of GoPro by 36.6% during the fourth quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after purchasing an additional 4,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of GoPro by 55.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after purchasing an additional 5,829 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in shares of GoPro during the fourth quarter valued at approximately $72,000. 41.09% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GPRO remained flat at $$6.14 during mid-day trading on Thursday. 2,764,423 shares of the company traded hands, compared to its average volume of 4,125,818. GoPro has a 52-week low of $4.00 and a 52-week high of $7.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.58 and a quick ratio of 1.19. The firm has a market capitalization of $957.09 million, a price-to-earnings ratio of -13.35, a PEG ratio of 9.60 and a beta of 0.72.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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