Analyst Price Forecast Suggests 5.36% Upside
As of January 31, 2023, the average one-year price target for GoPro is $6.41. The forecasts range from a low of $4.04 to a high of $9.45. The average price target represents an increase of 5.36% from its latest reported closing price of $6.08.
The projected annual revenue for GoPro is $1,126MM, a decrease of 3.24%. The projected annual EPS is $0.46, a decrease of 9.01%.
Fund Sentiment
There are 414 funds or institutions reporting positions in GoPro. This is a decrease of 13 owner(s) or 3.04%.
Average portfolio weight of all funds dedicated to US:GPRO is 0.0960%, an increase of 8.5625%. Total shares owned by institutions decreased in the last three months by 3.07% to 96,666K shares.
What are large shareholders doing?
Prentice Capital Management holds 5,431,969 shares representing 3.48% ownership of the company. In it's prior filing, the firm reported owning 6,896,165 shares, representing a decrease of 26.96%. The firm increased its portfolio allocation in GPRO by 27.50% over the last quarter.
Bank of New York Mellon holds 4,130,593 shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 4,263,843 shares, representing a decrease of 3.23%. The firm decreased its portfolio allocation in GPRO by 58.95% over the last quarter.
D. E. Shaw & holds 3,975,038 shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 3,524,881 shares, representing an increase of 11.32%. The firm decreased its portfolio allocation in GPRO by 26.30% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,658,782 shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 3,657,631 shares, representing an increase of 0.03%. The firm decreased its portfolio allocation in GPRO by 7.04% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,287,579 shares representing 2.11% ownership of the company. In it's prior filing, the firm reported owning 3,146,683 shares, representing an increase of 4.29%. The firm decreased its portfolio allocation in GPRO by 2.87% over the last quarter.
GoPro Background Information
(This description is provided by the company.)
GoPro frees people to celebrate the moment, inspiring others to do the same. From cameras to apps and accessories, everything the Company does is geared to help to capture life as the client live it, share the experience and pass on the stoke. The Company believes that sharing its own experiences makes it more meaningful and way more fun. GoPro was founded in 2002 by Nick Woodman—a surfer, skier and motorsports enthusiast in search of a better way to film himself and his friends surfing. What started with a 35mm camera and a wrist strap made from old wetsuits and plastic scraps has grown into an international company that has sold over 26 million GoPro cameras in more than 100 countries. But it’s the millions of passionate GoPro users around the globe who bring the magic to life. They humble and inspire the Company every day with incredible creativity that helps it see the world in an all-new way—and fires it up to keep creating the most awesome, innovative products possible.
This story originally appeared on Fintel.
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