GoPro Inc (NASDAQ:GPRO), enabler of some of today’s most engaging content, today announced the University of Southern California School of Cinematic Arts (SCA) is a flagship partner in the creative community as it kicks off GoPro Awards. Announced yesterday, GoPro Awards is GoPro’s always-on content platform that rewards the GoPro community for sharing their best GoPro photos, raw video clips and video edits for inclusion in GoPro Channel programming, licensing and more. As part of the program with USC, GoPro provided cameras and accessories to film school students and will begin guided workshops, education and one-on-one mentorship this fall.
“As user generated content evolves into mainstream entertainment, GoPro wants to work with the best creators in the world to enable high quality, sophisticated storytelling,” saidZander Lurie, SVP of Entertainment at GoPro. “Our program with universities such as USC’s School of Cinematic Arts is one of the best ways to achieve that goal. We’re excited to see the great things students will create with the help of GoPro and we hope some of them will even join the GoPro team and work with us someday.”
Together at USC earlier today, GoPro CEO Nick Woodman and USC’s Dean Elizabeth Daley announced this unique partnership before a live audience of GoPro employees, USC’s Cinematic Arts students, alumni and friends. In addition to the camera donation and workshops, it was announced that GoPro will showcase top talent from USC on its GoPro Awards platform and students will also be eligible to receive monetary rewards through the program.
“We’re excited to welcome GoPro to the School of Cinematic Arts,” said Elizabeth Daley, Dean of USC’s School of Cinematic Arts. “Our students are some of the most talented in the world, and we’re always working to make their experience richer and more diverse. Adding GoPro to the mix does exactly that. As entertainment platforms for short-form content continue to diversify on film, mobile and television, we’re hopeful this partnership will help to make our students’ most fascinating ideas a reality. We’re looking forward to what they create with their GoPros.”(Original Source)
Shares of GoPro Inc opened today at $28.03 and are currently trading up at $28.88. GPRO has a 1-year high of $87.50 and a 1-year low of $27.07. The stock’s 50-day moving average is $34.50 and its 200-day moving average is $48.67.
On the ratings front, GoPro has been the subject of a number of recent research reports. In a report issued on October 13, Piper Jaffray analyst Erinn Murphy downgraded GPRO to Hold, with a price target of $25, which reflects a potential downside of -10.8% from last closing price. Separately, on October 12, Dougherty’s Charlie Anderson maintained a Buy rating on the stock and has a price target of $32.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Erinn Murphy and Charlie Anderson have a total average return of -4.6% and 29.9% respectively. Murphy has a success rate of 37.1% and is ranked #3520 out of 3773 analysts, while Anderson has a success rate of 60.0% and is ranked #292.
Overall, 6 research analysts have assigned a Hold rating and 12 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $62.79 which is 62.79% above where the stock opened today.
GoPro Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. It produces mountable and wearable cameras and accessories.