Can analysts adopt a bullish outlook for GoPro, Inc. (NASDAQ:GPRO)?

April 17, 2018 - By Henry Gaston

GoPro, Inc. (NASDAQ:GPRO) LogoInvestors sentiment decreased to 1.39 in 2017 Q4. Its down 0.41, from 1.8 in 2017Q3. It fall, as 38 investors sold GoPro, Inc. shares while 21 reduced holdings. 34 funds opened positions while 48 raised stakes. 36.86 million shares or 0.29% more from 36.75 million shares in 2017Q3 were reported.
New York State Common Retirement Fund invested in 0% or 109,300 shares. Bancorp Of Montreal Can stated it has 0% in GoPro, Inc. (NASDAQ:GPRO). Fincl Architects holds 0.01% of its portfolio in GoPro, Inc. (NASDAQ:GPRO) for 9,900 shares. 249,539 were accumulated by Deutsche Bancorp Ag. Zacks Inv Mgmt has 17,359 shares for 0% of their portfolio. Perigon Wealth Ltd Co invested in 80 shares. 29,448 were reported by Metropolitan Life Insur Company Ny. Employees Retirement Association Of Colorado reported 0% stake. 35,555 are owned by Teacher Retirement Sys Of Texas. Cibc Markets accumulated 39,000 shares. 213,992 were accumulated by California Employees Retirement Systems. Hsbc Hldg Public Limited Company holds 215,985 shares. Fifth Third Bancshares invested in 2,375 shares. Stratos Wealth Ptnrs stated it has 0% of its portfolio in GoPro, Inc. (NASDAQ:GPRO). Rhumbline Advisers stated it has 102,415 shares or 0% of all its holdings.

GoPro, Inc. (NASDAQ:GPRO) Ratings Coverage

Among 9 analysts covering GoPro (NASDAQ:GPRO), 0 have Buy rating, 3 Sell and 6 Hold. Therefore 0 are positive. GoPro had 14 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of GoPro, Inc. (NASDAQ:GPRO) has “Hold” rating given on Tuesday, January 9 by Wedbush. Longbow downgraded the stock to “Neutral” rating in Monday, January 8 report. The firm has “Neutral” rating given on Thursday, November 2 by Citigroup. As per Friday, March 9, the company rating was maintained by Citigroup. Bank of America maintained GoPro, Inc. (NASDAQ:GPRO) on Friday, February 2 with “Underperform” rating. J.P. Morgan downgraded it to “Hold” rating and $8.0 target in Friday, February 2 report. Cowen & Co maintained GoPro, Inc. (NASDAQ:GPRO) rating on Monday, January 8. Cowen & Co has “Hold” rating and $6.0 target. The stock of GoPro, Inc. (NASDAQ:GPRO) earned “Neutral” rating by JP Morgan on Friday, February 2. Longbow upgraded the shares of GPRO in report on Wednesday, October 18 to “Buy” rating. The stock of GoPro, Inc. (NASDAQ:GPRO) earned “Underperform” rating by Bank of America on Tuesday, October 31. Below is a list of GoPro, Inc. (NASDAQ:GPRO) latest ratings and price target changes.

09/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $5.5 New Target: $6.5 Maintain
02/02/2018 Broker: Cowen & Co Rating: Hold New Target: $5.0 Maintain
02/02/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $6.5 New Target: $5.5 Maintain
02/02/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $9 New Target: $8 Downgrade
02/02/2018 Broker: J.P. Morgan Rating: Hold New Target: $8.0 Downgrade
23/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Old Target: $9.5 New Target: $5 Downgrade
09/01/2018 Broker: Wedbush Rating: Hold New Target: $6.0 Maintain
09/01/2018 Broker: Citigroup Rating: Hold New Target: $7.0
09/01/2018 Broker: Dougherty Rating: Sell New Target: $4.0 Maintain
08/01/2018 Broker: Cowen & Co Rating: Hold New Target: $6.0 Maintain

The stock decreased 9.68% or $0.54 during the last trading session, reaching $5.04. About 7.76M shares traded or 121.58% up from the average. GoPro, Inc. (NASDAQ:GPRO) has declined 41.76% since April 17, 2017 and is downtrending. It has underperformed by 53.31% the S&P500.

GoPro, Inc. develops and sells mountable and wearable cameras, and accessories in the United States and internationally. The company has market cap of $736.77 million. The firm offers HERO5, a line of cloud-connected cameras; GoPro Plus, a cloud storage solution that enables subscribers to access, edit, and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the fly using their smartphones; Karma, a compact and foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video. It currently has negative earnings. It also offers mountable, wearable, and voice activated accessories comprising equipment mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable clients to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.

GoPro, Inc. (NASDAQ:GPRO) Institutional Positions Chart

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