Price Change to Note: What’s Propelling GoPro Inc to Decline So Much?

Price Change to Note: What's Propelling GoPro Inc to Decline So Much?

The stock of GoPro Inc (NASDAQ:GPRO) is a huge mover today! About 5.64M shares traded hands. GoPro Inc (NASDAQ:GPRO) has risen 17.72% since March 7, 2016 and is uptrending. It has outperformed by 10.13% the S&P500.
The move comes after 7 months negative chart setup for the $2.14 billion company. It was reported on Oct, 10 by We have $14.69 PT which if reached, will make NASDAQ:GPRO worth $149.80 million less.

Analysts await GoPro Inc (NASDAQ:GPRO) to report earnings on October, 26. They expect $-0.54 EPS, down 485.71% or $0.68 from last year’s $0.14 per share. After $-0.64 actual EPS reported by GoPro Inc for the previous quarter, Wall Street now forecasts -15.63% EPS growth.

GoPro Inc (NASDAQ:GPRO) Ratings Coverage

Out of 20 analysts covering GoPro Inc (NASDAQ:GPRO), 7 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 35% are positive. GoPro Inc has been the topic of 71 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 2 by Robert W. Baird. FBN Securities downgraded the shares of GPRO in a report on Thursday, January 14 to “Sector Perform” rating. Wedbush maintained GoPro Inc (NASDAQ:GPRO) rating on Thursday, January 14. Wedbush has “Outperform” rating and $18.0 price target. The firm has “Outperform” rating given on Thursday, February 4 by Wedbush. The firm earned “Overweight” rating on Thursday, January 14 by JP Morgan. Northland Capital maintained the stock with “Outperform” rating in Wednesday, July 22 report. Northland Capital maintained GoPro Inc (NASDAQ:GPRO) rating on Thursday, January 14. Northland Capital has “Outperform” rating and $20 price target. The stock of GoPro Inc (NASDAQ:GPRO) has “Equal-Weight” rating given on Thursday, October 29 by Morgan Stanley. The company was maintained on Wednesday, July 22 by Piper Jaffray. The firm earned “Underweight” rating on Thursday, February 4 by Piper Jaffray.

According to Zacks Investment Research, “GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras; premium accessories; and mounts comprising equipment-based mounts. It also offers other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the Wi-Fi remotes. GoPro, Inc. is headquartered in San Mateo, California.”

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.49, from 0.84 in 2016Q1. The ratio is positive, as 37 funds sold all GoPro Inc shares owned while 39 reduced positions. 33 funds bought stakes while 68 increased positions. They now own 38.29 million shares or 15.53% more from 33.15 million shares in 2016Q1.
Suntrust Banks Inc has 0% invested in the company for 16,583 shares. Concourse Capital Mngmt Limited Liability Corporation holds 0.1% of its portfolio in GoPro Inc (NASDAQ:GPRO) for 14,980 shares. Trust Of Vermont holds 600 shares or 0% of its portfolio. Cypress Cap Limited Liability (Wy) reported 285 shares or 0% of all its holdings. Quantitative Investment Limited Liability Corporation holds 0.15% or 297,100 shares in its portfolio. Vanguard Group Incorporated accumulated 5.69 million shares or 0% of the stock. New York State Common Retirement Fund has 113,100 shares for 0% of their US portfolio. Next Finance Group Inc owns 4,135 shares or 0.01% of their US portfolio. Alliancebernstein L P holds 144,900 shares or 0% of its portfolio. Moreover, Hudock Cap Group Inc Ltd Liability has 0% invested in GoPro Inc (NASDAQ:GPRO) for 333 shares. Valley National Advisers last reported 20 shares in the company. Gam Hldg Ag accumulated 356,200 shares or 0.06% of the stock. Hanson And Doremus Investment Mngmt has 5 shares for 0% of their US portfolio. Federated Investors Pa holds 0% of its portfolio in GoPro Inc (NASDAQ:GPRO) for 80,943 shares. Moreover, North Star Inv Management Corp has 0% invested in GoPro Inc (NASDAQ:GPRO) for 50 shares.

More notable recent GoPro Inc (NASDAQ:GPRO) news were published by: which released: “Where Will GoPro Inc. Stock Be 1 Year From Now?” on October 08, 2016, also with their article: “Better Buy: GoPro, Inc. or Ambarella, Inc?” published on October 05, 2016, published: “This Is a Huge Week for GoPro, Inc.” on October 04, 2016. More interesting news about GoPro Inc (NASDAQ:GPRO) were released by: and their article: “Why GoPro, Inc. Wants to Eliminate Desktop Computers” published on September 28, 2016 as well as‘s news article titled: “Better Buy: GoPro Inc. vs. Garmin Ltd.” with publication date: September 20, 2016.

GPRO Company Profile

GoPro, Inc. (GoPro), incorporated on August 24, 2011, produces mountable and wearable cameras (capture devices) and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on the Company’s Website. The Firm enables people to capture compelling, immersive photo and video content of themselves in their day to day life, as well as participating in their favorite activities. The Firm develops product solutions to enable clients to capture, manage, share and enjoy some of the important moments in their lives. GoPro integrates with mobile devices through the GoPro App, which enables engaging self-capture during virtually any activity.

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