Raymond James Downgrades GoPro Inc to Underperform

Brokerage firm Raymond James Downgrades its rating on GoPro Inc(GPRO). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Feb 3, 2017.

In a different note, On Feb 3, 2017, Baird said it Downgrades its rating on GoPro Inc. The shares have been rated ‘Underperform’ by the firm.

GoPro Inc (GPRO) shares turned negative on Tuesdays trading session with the shares closing down -0.17 points or -1.79% at a volume of 47,01,490. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.65. The peak price level was also seen at $9.65 while the days lowest was $9.33. Finally the shares closed at $9.34. The 52-week high of the shares is $17.68 while the 52-week low is $8.54. According to the latest information available, the market cap of the company is $1,313 M.

GoPro Inc(GPRO) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $540.621M. Analysts had an estimated revenue of $575.200M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2016, Anthony John Bates (President) sold 23,598 shares at $9.62 per share price.Also, On Nov 16, 2016, Brian Mcgee (Chief Financial Officer) sold 4,497 shares at $10.32 per share price.On Sep 1, 2016, Michael E Marks (director) sold 264 shares at $14.94 per share price, according to the Form-4 filing with the securities and exchange commission.

GoPro Inc. produces mountable and wearable cameras and accessories which the Company refers to as capture devices. Additionally the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices which include HERO2 HERO3 camera the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts such as the helmet handlebar roll bar as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers wholesale distributors and on the Company’s Website.

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