GoPro Inc (NASDAQ:GPRO), enabler of some of today’s most engaging content, today announced it’s bringing the GoPro Channel to SkyQ, the next-generation home entertainment system from Europe’s leading entertainment company, Sky. SkyQ will launch early next year in the UK and Ireland.
Announced today as part of the SkyQ launch event “Set Your TV Free” in the UK, this agreement marks GoPro’s second Multichannel Video Programming Distributor (MVPD) partnership. At launch in early 2016, GoPro videos will officially be available on two of the largest TV platforms on the globe – Comcast and Sky. Sky has 21 million customers in theUK, Ireland, Germany, Austria and Italy.
“GoPro content tells stories and stirs emotions on a global scale,” said Adam Dornbusch, Head of Global Business Development and Content Acquisitions at GoPro. “We are always looking for new ways to deliver that content to our diverse audience in the US and beyond, from the action sports fan to the virtual reality enthusiast to the family on vacation. Sky is innovative in that it’s rapidly moving to offer content on multiple platforms — SkyQ presents GoPro with a great opportunity to deliver our videos to a brand new user base in the UKand Ireland. We’re excited to welcome Sky to our growing group of partners.”
The GoPro Channel curates a selection of the world’s best content in an easy-to-use experience and will deliver on-demand, immersive, high-definition GoPro content to SkyQ customers as part of their subscriptions through their TV sets and tablet devices. (Original Source)
Shares of GoPro Inc closed yesterday at $20.87. GPRO has a 1-year high of $86 and a 1-year low of $20.76. The stock’s 50-day moving average is $27.32 and its 200-day moving average is $45.40.
On the ratings front, GoPro has been the subject of a number of recent research reports. In a report released today, Piper Jaffray analyst Erinn Murphy maintained a Sell rating on GPRO, with a price target of $15, which implies a downside of 28.1% from current levels. Separately, on November 9, Northland Securities’ Gus Richard reiterated a Buy rating on the stock and has a price target of $39.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Erinn Murphy and Gus Richard have a total average return of -9.8% and 7.7% respectively. Murphy has a success rate of 29.6% and is ranked #3789 out of 3849 analysts, while Richard has a success rate of 65.2% and is ranked #621.
Overall, one research analyst has rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 10 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 $38.80 which is 85.9% above where the stock closed yesterday.
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.