In a report released today, Michael Pachter from Wedbush reiterated a Hold rating on GoPro (GPRO), with a price target of $2.50. The company’s shares closed last Wednesday at $2.66, close to its 52-week low of $2.00.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.9% and a 50.0% success rate. Pachter covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
Currently, the analyst consensus on GoPro is a Hold with an average price target of $3.55.
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Based on GoPro’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $528 million and net profit of $95.82 million. In comparison, last year the company earned revenue of $377 million and had a net profit of $31.67 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPRO in relation to earlier this year.
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GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which refers as capture devices. Its product brands include Hero7, Fusion, GoPro Plus, Quik, GoPro App and Karma Grip. It also offers an ecosystem of mountable and wearable accessories. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
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