GoPro Inc (NASDAQ:GPRO) announced that Daniel (Danny) Coster has been named Vice President of Design, effective the end of April. He will report to GoPro CEO and founder Nick Woodman.
Mr. Coster will influence all aspects of design at GoPro in his new role, including hardware and software and services, lending his strategic vision and expertise to maximizing theGoPro user’s experience from end to end.
“Ironically, Danny and I first met in December, 2001, on the beach in Sayulita, Mexico at the very start of the five month surfing trip where I developed and tested the first GoProprototype,” said Woodman. “His design pedigree speaks for itself, but I will say that we feel energized to have him join GoPro.”
A core member of Apple’s elite industrial design team for more than 20 years, Mr. Coster is credited for his contributions to a wide range of now iconic consumer electronics ranging from the iPhone 4 to the iPad wireless keyboard. He holds more than 500 design patents and several utility patents, and has been recognized by several international design organizations for his work.
“I’m honored to join the GoPro team,” said Coster. “This extraordinary company is close to the hearts of so many people around the world. Its brand and products inspire us to capture and share our lives’ most important moments. I’m excited to shape the future with the incredible team at GoPro.” (Original Source)
Shares of GoPro closed yesterday at $13.90, up $2.22 or 19.01%. GPRO has a 1-year high of $65.49 and a 1-year low of $9.01. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $17.86.
On the ratings front, GoPro has been the subject of a number of recent research reports. In a report issued on April 11, Morgan Stanley analyst Kathryn Huberty maintained a Sell rating on GPRO. Separately, on March 1, Oppenheimer’s Andrew Uerkwitz maintained a Hold rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kathryn Huberty and Andrew Uerkwitz have a total average return of 16.3% and 4.4% respectively. Huberty has a success rate of 63.3% and is ranked #70 out of 3790 analysts, while Uerkwitz has a success rate of 55.1% and is ranked #558.
Overall, 2 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 5 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 $16.00 which is 33.3% above where the stock opened today.
GoPro, Inc. manufactures and sells camera and camera accessories. It provides mountable and wearable cameras and accessories, which refers as capture devices. The company sells products through retailers, wholesale distributors and on the website. GoPro was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.