Breaking Finance News

GoPro Shares Down and Back To Reality

go proShares of GoPro are down touching a new all-time low on Monday after the stock was downgraded by the fourth analyst in two weeks. Just last week FBR Capital Markets analyst Dan Ives GoPro might be an acquisition candidate for Apple, sending the stock 11 percent higher, but today its back to reality and the gains GoPro enjoyed from those rumors have quickly faded away.

Shares of GoPro, Inc. (NASDAQ:GPRO) are down in afternoon trading 10% 10 $17.23 GoPro (NASDAQ:GPRO) shares have traded in a range today from $15.90 to $17.98. The stock has traded in a range over the past 52 weeks from $15.90 to $69.75 and has a market cap of $2.36 billion and a PE of 14. Trading volume has increased today as well with over 18 million shares trading hands.

A number of analysts have either downgraded the stock or issued bearish notes on the company in recent weeks. Baird recently predicted that GoPro’s woes would persist through 2016 and lowered its target to $18, and Piper Jaffray lowered its target to $15,. The average rating among those analysts remains the equivalent to buy, however, with a mean price target of $33.81.

About GoPro

GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content.

The company offers HERO line of capture devices, such as cameras; premium accessories, including battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.

It also provides 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 smart remotes

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.