GoPro (GPRO) Downgraded by Morgan Stanley to Sell

Galtero Lara
Enero 23, 2018

Schwab Charles Investment Management Inc. now owns 556,863 shares of the company's stock worth $4,528,000 after buying an additional 101,157 shares during the last quarter. It now has negative earnings.

Law Offices of Howard G. Smith reminds investors of the January 30, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Syneos Health, Inc. Schwab Charles Management has invested 0.01% of its portfolio in GoPro, Inc.

GoPro Inc (NASDAQ:GPRO) was the target of a significant growth in short interest in December.

Since September 25, 2017, it had 0 insider buys, and 6 selling transactions for $6.90 million activity. Baupost Group Llc Ma owns 20.73 million shares or 11.64% of their United States portfolio. About 151,547 shares traded. Specifically, Defendants failed to disclose: (1) that the Merger was not providing the benefit that Defendants stated it would; (2) that inVentiv was underperforming; (3) that, as a result, the Company's 2017 financial performance would be negatively impacted; and (4) that, as a result of the foregoing, Defendants' statements about INCR's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. Therefore 22% are positive. The stock presently has an average rating of "Hold" and an average price target of $8.74.

According to Zacks, "GoPro is facing trouble from all sides". Moreover, Ellington Management Group Llc has 0.26% invested in the company for 140,400 shares. BidaskClub cut shares of GoPro from a "sell" rating to a "strong sell" rating in a report on Tuesday, June 20th.

GPRO has been the subject of a number of research analyst reports. JMP Securities maintained the stock with "Mkt Outperform" rating in Thursday, January 14 report. Atlantic Securities upgraded the shares of Monday in report on Tuesday, December 1 to "Overweight" rating. The New York-based Icahn Carl C has invested 6.93% in the stock.

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Analysts await Cheniere Energy, Inc. During the same period past year, the firm posted ($0.63) EPS. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.14. DCI's profit will be $55.86 million for 29.82 P/E if the $0.43 EPS becomes a reality. The rating was downgraded by Longbow on Monday, January 8 to "Neutral". (NASDAQ:GPRO) on Thursday, September 3 with "Buy" rating. Citigroup maintained GoPro, Inc. The firm earned "Sell" rating on Friday, August 4 by Robert W. Baird. On Tuesday, October 13 the stock rating was maintained by Dougherty & Company with "Buy".

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The company has market cap of $861.54 million. The firm offers HERO5, a line of cloud-connected cameras; GoPro Plus, a cloud storage solution that enables subscribers to access, edit, and share content; Quik, a desktop app that provides expanded editing options for power users; Capture, a mobile app that allows users to preview and play back shots, control their GoPro cameras, and share content on the fly using their smartphones; Karma, a compact and foldable drone and versatile stabilization solution; and Karma Grip, a handheld and body-mountable camera stabilizer to capture zero-shake and smooth video. It also offers mountable, wearable, and voice activated accessories comprising equipment mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable clients to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.14, from 0.98 in 2017Q2. Nomura Holdings Inc. boosted its stake in GoPro by 5.4% in the 2nd quarter. 35 funds opened positions while 48 raised stakes. Jane Street Group holds 0% or 30,892 shares. Highlander Cap Mgmt Lc holds 0.04% or 4,300 shares. Legal And General Grp Public Ltd has 0% invested in GoPro, Inc. Gopro Inc Cl A Cmn (NASDAQ:GPRO)'s price to sales ratio for trailing twelve month stands at 0.67, whereas its price to book ratio for the most recent quarters is at 2.52. (NASDAQ:GPRO) or 125,687 shares.

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRO. Tru Of Vermont accumulated 0% or 500 shares. Manatuck Hill Prtnrs Limited accumulated 20,000 shares or 0.11% of the stock. Sei Invs accumulated 410 shares or 0% of the stock. Laurion Cap Management Limited Partnership reported 14,900 shares. Bancorp Of America De reported 0.11% in Monsanto Company (NYSE:MON). Engineers Gate Manager LP purchased a new stake in GoPro during the first quarter valued at about $118,000. Price T Rowe Assoc Md holds 0% or 22,500 shares in its portfolio.

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