GoPro Receives a Hold from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst Jim Duffy reiterated a Hold rating on GoPro (NASDAQ: GPRO) today and set a price target of $9. The company’s shares closed yesterday at $7.35, close to its 52-week low of $7.15.

According to TipRanks.com, Duffy is a 3-star analyst with an average return of 4.1% and a 54.5% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and G-III Apparel Group.

GoPro has an analyst consensus of Moderate Sell, with a price target consensus of $5.67.

Based on GoPro’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $541 million and GAAP net loss of $116 million. In comparison, last year the company earned revenue of $437 million and had a GAAP net loss of $34.45 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock. Last month, Michael E. Marks, a Director at GPRO sold 30,000 shares for a total of $276,300.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.