GoPro, Inc. (NASDAQ:GPRO) Receives "Buy" Rating from JP Morgan Chase & Co

GoPro Bets on Upcoming Hero6 Fusion Cameras in Bid for Profitability

GoPro Bets on Upcoming Hero6 Fusion Cameras in Bid for Profitability

Rhumbline Advisers invested in 0% or 120,238 shares. The General American Investors Company Inc holds 241,326 shares with $8.64 million value, down from 375,026 last quarter. Macy's Inc. now has $7.15 billion valuation. Stifel Financial Corp now owns 58,530 shares of the company's stock worth $511,000 after buying an additional 865 shares during the period.

About 11.10 million shares traded or 416.28% up from the average. (NYSE:FOR) has risen 26.00% since August 4, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Among 20 analysts covering GoPro Inc (NASDAQ:GPRO), 4 have Buy rating, 7 Sell and 9 Hold. Therefore 20% are positive.

According to analysts Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s minimum EPS for the current quarter is at $-0.25 and can go high up to $-0.06. The rating was maintained by Morgan Stanley with "Equal-Weight" on Wednesday, October 7. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company's stock valued at $132,000 after buying an additional 10,750 shares during the period. The firm has "Overweight" rating by JP Morgan given on Thursday, January 14. The company was downgraded on Friday, January 6 by Longbow. The stock has an average rating of "Hold" and an average target price of $8.20.

Analysts expect Clear Channel Outdoor Holdings, Inc. The firm has "Buy" rating given on Friday, October 9 by Deutsche Bank.

Stock has got OUTPERFORM rating from 13 analyst (s) whereas last month 13 analyst (s) have given outperform rating. On Wednesday, August 12 the stock rating was upgraded by Vetr to "Hold". The firm has "Sector Perform" rating given on Thursday, January 14 by FBN Securities. OTR Global downgraded the shares of M in report on Wednesday, November 4 to "Negative" rating. The firm earned "Buy" rating on Friday, July 31 by Citigroup. However the company reported $-0.6 earnings per share for the same quarter during past year. During the same period in the prior year, the company posted ($0.52) earnings per share.

It looks like things are getting back on track for GoPro after the company lost over $370 million past year. Zurcher Kantonalbank (Zurich Cantonalbank) owns 4,532 shares. Arantana Therapeutics Inc. (NASDAQ:PETX) was raised too.

Investors sentiment decreased to 0.6 in 2016 Q4. Its down 0.82, from 1.42 in 2016Q3. It turned negative, as 44 investors sold GoPro Inc shares while 60 reduced holdings. 27 funds opened positions while 35 raised stakes. Raymond James Financial Services Advisors Inc. boosted its position in shares of GoPro by 3.4% in the first quarter. Envestnet Asset Management Inc, a Illinois-based fund reported 1,073 shares. Hall Laurie J Trustee accumulated 510 shares or 0% of the stock. Invesco Limited accumulated 0% or 98,319 shares. State Board Of Administration Of Florida Retirement Sys holds 0% or 72,178 shares. Brown Brothers Harriman And Company holds 462 shares.

Alpine Associates Management Inc. holds 1.07% of its portfolio in Envision Healthcare Corp for 606,266 shares. Tci Wealth Advsrs Inc has invested 0.03% in GoPro Inc (NASDAQ:GPRO). Blackrock Group Inc Ltd invested 0% in GoPro Inc (NASDAQ:GPRO). Fin Professionals stated it has 205 shares.

About 22.17M shares traded or 931.16% up from the average.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. It has underperformed by 20.43% the S&P500.

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The company was maintained on Thursday, July 20 by RBC Capital Markets. The Company's product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

GoPro said during a post-earnings call on Aug 3 that it would realise revenue from the new products in the current quarter by shipping to customers ahead of the launch.

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