GoPro was Downgraded to a Hold Rating at Wedbush

By Austin Angelo

GoPro (NASDAQ: GPRO) received a Hold rating and a $9 price target from Wedbush analyst Nick McKay today. The company’s shares closed yesterday at $10.86, close to its 52-week low of $8.62.

According to TipRanks.com, McKay is ranked 0 out of 5 stars with an average return of -31.3% and a 9.5% success rate. McKay covers the Technology sector, focusing on stocks such as Glu Mobile, Twitter, and Fitbit.

Currently, the analyst consensus on GoPro is Hold and the average price target is $12.33, representing a 13.5% upside.

In a report issued on November 4, Dougherty also reiterated a Hold rating on the stock.

The company has a one year high of $25.38 and a one year low of $8.62. Currently, GoPro has an average volume of 8.32M.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Michael E. Marks, a Director at GPRO sold 264 shares for a total of $3,944.

GoPro, Inc. engages in manufacturing and selling camera and camera accessories. It provides mountable and wearable cameras and accessories, which refers as capture devices. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.