GoPro says things are looking great, sends stock soaring

GoPro says things are looking great, sends stock soaring

GoPro says things are looking great, sends stock soaring

The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares in the company, valued at $1,184,621.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Oppenheimer Holdings Inc. restated a "market perform" rating on shares of GoPro in a research note on Wednesday, August 9th. (NASDAQ GPRO) traded up 1.50% during mid-day trading on Friday, hitting $10.15. The stock had a trading volume of 6,566,338 shares.

Company shares last traded at $10.06 which is quite a bit above $8.96, the 50 day moving average and which is significantly higher than the 200 day moving average of $8.58.

As someone who likes (and owns) GoPro's stock, it's great to hear the company is exceeding guidance and is expecting non-GAAP profitability this year. This represents an increase of approximately 611% compared to the typical daily volume of 3,591 call options. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. For the current year the company's revenue estimates are $1.34 Billion compared to low analyst estimates of $1.27 Billion and high estimates of $1.38 Billion according to 13 number of analysts. The firm's quarterly revenue was up 34.3% on a year-over-year basis.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, GPRO earned gross profit of 627.24 Million, in 2015 673.21 Million gross profit, while in 2016 GoPro, Inc.

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GoPro makes it easy for people to celebrate and share experiences. The company's previous year sales total was 240570.

At the end of June reporting period, 74 institutional holders increased their position in GoPro, Inc. Legal & General Group Plc lifted its position in GoPro by 2.3% during the 2nd quarter.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 7.09 million shares, BLACKROCK INC. with 6.24 million shares, CITADEL ADVISORS LLC with 1.93 million shares, STATE STREET CORP with 1.91 million shares, and SUSQUEHANNA INTERNATIONAL GROUP, LLP with 1.6 million shares. The insider, ZEZIMA SHARON S, now holds 59,177 shares of GPRO.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and GoPro wasn't one of them! ValuEngine downgraded shares of GoPro from a "sell" rating to a "strong sell" rating in a research report on Thursday, May 11th. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. (NASDAQ:GPRO). Sharon S. Zezima, General Counsel, Secretary sold $8,477 worth of shares at an average price of $9.45 on Thursday the 17th.

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