GPRO - GoPro, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
3.6600
+0.0200 (+0.55%)
At close: 4:00PM EDT

3.6500 -0.01 (-0.27%)
After hours: 5:59PM EDT

Stock chart is not supported by your current browser
Previous Close3.6400
Open3.7000
Bid3.6000 x 21500
Ask3.6600 x 28000
Day's Range3.6250 - 3.7489
52 Week Range3.2500 - 7.6450
Volume3,480,877
Avg. Volume5,538,940
Market Cap564.079M
Beta (3Y Monthly)0.40
PE Ratio (TTM)N/A
EPS (TTM)-0.2190
Earnings DateNov 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.50
Trade prices are not sourced from all markets
  • GoPro Schedules Third Quarter 2019 Financial Results for November 7, 2019
    PR Newswire

    GoPro Schedules Third Quarter 2019 Financial Results for November 7, 2019

    SAN MATEO, Calif. , Oct. 15, 2019 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the third quarter ended September 30, 2019 , after the market ...

  • GoPro Kicks Off Million Dollar Challenge for HERO8 Black + MAX Camera Owners
    PR Newswire

    GoPro Kicks Off Million Dollar Challenge for HERO8 Black + MAX Camera Owners

    SAN MATEO, Calif., Oct. 15, 2019 /PRNewswire/ -- GoPro, Inc. (GPRO) is putting up $1,000,000 to celebrate the creativity and passion of the GoPro-owner community with the GoPro Million Dollar Challenge. Open exclusively to owners of HERO8 Black and MAX cameras, the GoPro Million Dollar Challenge will award an equal share of $1,000,000 to entrants whose video clips are included in the HERO8 Black + MAX highlight video to be released in late January 2020. "HERO8 Black and MAX make it so easy to capture professional-quality footage, it's a no brainer for us to reward our customers for shooting our highlight video for us," said GoPro Founder and CEO Nick Woodman.

  • MarketWatch

    GoPro stock gains after hedge fund boosts stake, Hero8 Black shipments start early

    Shares of GoPro Inc. are up 8% in Friday trading after the company announced that it has been fulfilling pre-orders for the new Hero8 Black cameras a few days ahead of schedule and put out a filing disclosing that a hedge fund has boosted its stake in the action-camera maker. The company was supposed to begin shipments on Oct. 15. GoPro's stock got punished last week after the company lowered its full-year forecast to account for production delays involving the Hero8 Black, a camera that was announced earlier this month. Also on Friday, the company issued a Securities and Exchange Commission filing showing that hedge fund Prentice Capital Management has increased its stake to 12,467,119 shares, or roughly 10% of GoPro's Class A stock. An August filing indicated that Prentice owned 7,922,010 shares, or about 6.5% of the Class A stock. The shares are down 34% over the past three months, while the S&P 500 has lost 0.5%.

  • TheStreet.com

    GoPro Spikes as Hedge Fund Increases Stake, Hero8 Black Shipments Start Early

    Shares of GoPro were rising nearly 12% Friday after the camera maker announced that hedge fund Prentice Capital increased its stake in the company. Prentice Capital now holds 12,467,119 shares, equivalent to about 9.96% of the company 's outstanding shares. A previous filing indicated that Prentice Capital held a 6.5% stake.

  • GoPro Now Shipping HERO8 Black Cameras
    PR Newswire

    GoPro Now Shipping HERO8 Black Cameras

    SAN MATEO, Calif. , Oct. 11, 2019 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it has begun fulfilling pre-orders of HERO8 Black for customers from GoPro.com, well ahead of the announced ...

  • Implied Volatility Surging for GoPro (GPRO) Stock Options
    Zacks

    Implied Volatility Surging for GoPro (GPRO) Stock Options

    Investors need to pay close attention to GoPro (GPRO) stock based on the movements in the options market lately.

  • Two Gadget Makers Look to Move Manufacturing Out of China, Citing Trade War
    Bloomberg

    Two Gadget Makers Look to Move Manufacturing Out of China, Citing Trade War

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Two American consumer electronics companies said this week that they’re looking to shift manufacturing away from China and into other countries, citing pressures from import tariffs on their products amid the trade war.Fitbit Inc. said on Wednesday that it would stop Chinese manufacturing of its health trackers and smartwatches by January. Tile Inc. said it’s also considering plans to make its Bluetooth-enabled location trackers in other countries, after the company was hit with tariffs last month.“The biggest challenge for a company like Tile is our ability to plan for shifting changes in U.S. policy toward China,” said Chief Executive Officer CJ Prober. “With recent impacts, we are looking at other regions.”Tile on Tuesday added a new sticker to its lineup of tracking devices that help customers keep tabs on keys, wallets and the like, and raised $45 million in funding in its last round of funding earlier this year. The gadget maker does the majority of its manufacturing in China, but as the U.S.-China trade war has escalated, it’s now considering Mexico, Malaysia, Vietnam and “possibly the U.S.” as future manufacturing hubs, Prober said.“We are re-evaluating our entire supply chain and how we do what and where,” he said, adding that in recent weeks, Tile had dedicated an “entire team” to the task of traveling to different cities and evaluating manufacturing facilities. In a sign of concern from investors about the potential costs of relocating these operations, shares of San Francisco-based Fitbit fell as much as 2% Wednesday after announcing the move from China.Several U.S. companies, long accustomed to using China as a manufacturing base, are now looking to reduce their exposure to the country. Last year, GoPro Inc. announced it would move much of its U.S.-bound camera production out of China to avoid potential tariffs, and has largely accomplished that goal, according to a spokesman. In August, HP Inc.’s laptop maker Inventec Corp. said it will shift production of notebooks for the U.S. market away from China. Apple Inc. has been doing battle with the White House over requests to get the iPhone and other products off the list of Chinese-made goods slated to be hit with tariffs on Dec. 15.The latest $300 billion round of duties will impact essentially all remaining Chinese imports—with some exceptions, though details around which imports will be exempted are still unclear. Trade policy between the world’s two largest economies is still in flux. Chinese Vice Premier Liu He is set to visit the U.S. this week for further trade talks.“We are supportive of the overall policy” of the U.S. in its negotiations with China, Tile’s Prober said. But “what’s been challenging is the implementation of that policy.” The company “only got a few weeks’ notice” that its products would be subject to new tariffs before they went into effect in September, he said. (Updates with Fitbit news in the second paragraph.)To contact the author of this story: Candy Cheng in San Francisco at ccheng86@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Fitbit to Move Manufacturing of Smartwatch, Tracker Out of China
    Bloomberg

    Fitbit to Move Manufacturing of Smartwatch, Tracker Out of China

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Fitbit Inc. said it’s shifting manufacturing operations out of China for all of its health trackers and smartwatches to avoid U.S. tariffs on imports from the country.Starting in January, the company expects those products won’t be of Chinese origin and therefore not subject to import duties, Fitbit said in a statement Wednesday. Fitbit said it will give more details on the financial implications of the move during its third-quarter earnings conference call.Shares in San Francisco-based Fitbit fell 2% at 11:35 a.m. in New York, leaving them down 27% this year.Fitbit joins other U.S. companies moving out of China amid an ongoing trade war between the two countries. Tile Inc., which makes Bluetooth-enabled location trackers, also said it’s considering a similar move and is looking at Mexico, Malaysia, Vietnam and “possibly the U.S.” as future manufacturing hubs. Last year, GoPro Inc. announced it would move much of its U.S.-bound camera production out of China. And Apple Inc. has been battling the White House over requests to get the iPhone and other products off the list of Chinese-made goods slated to be hit with tariffs on Dec. 15.“This is a great example of companies making proactive decisions to mitigate tariff related-risk by, in this case, taking their entire supply chain out of China,” said Tom Forte, an analyst at D.A. Davidson. Others “may choose to follow suit as this trade war gets long and diffuse, and potentially escalates.” Davidson, who has a buy rating on Fitbit, said the stock market isn’t giving companies enough credit for their efforts to mitigate tariff-related risks. “I expect that as earnings season comes we’ll be hearing a lot more about this from companies.”Trade negotiators are heading to Washington for talks starting Thursday and China is open to reaching a partial trade deal with the U.S., an official with direct knowledge of the discussions said. The trade talks have failed to make serious headway since negotiations collapsed in early May.(Updates with shares in third paragraph; analyst quote in fifth paragraph.)To contact the reporters on this story: Molly Schuetz in New York at mschuetz9@bloomberg.net;Kiley Roache in New York at kroache@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GPRO LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of GoPro, Inc.
    PR Newswire

    GPRO LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of GoPro, Inc.

    NEW YORK , Oct. 8, 2019 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of GoPro, Inc. ...

  • HAGENS BERMAN GPRO INVESTOR ALERT: Hagens Berman Investigating GoPro, Inc. (GPRO) for Possible Securities Fraud
    PR Newswire

    HAGENS BERMAN GPRO INVESTOR ALERT: Hagens Berman Investigating GoPro, Inc. (GPRO) for Possible Securities Fraud

    Class-action law firm urges GPRO investors who have suffered losses of 100K+ to learn their shareholder rights SAN FRANCISCO , Oct. 7, 2019 /PRNewswire/ -- Hagens Berman alerts GoPro, Inc. (NASDAQ: GPRO) ...

  • Benzinga

    15 Most Popular Stocks Under $10, According To Robinhood Users

    Stocks priced under $10 per share may seem cheap on first glance. But stocks with low share prices often end up there because they have gotten hit by heavy selling pressure. Robinhood keeps a running list ...

  • Why GoPro Stock Deserves to Trade Below $5
    InvestorPlace

    Why GoPro Stock Deserves to Trade Below $5

    Shares of GoPro (NASDAQ:GPRO) tumbled in early October after new product announcements from the action camera maker were overshadowed by news of production delays and a sharp second-half 2019 guidance cut. Specifically, although GoPro announced the new HERO8 Black and HERO MAX cameras, management also announced that a late stage production delay would push back HERO8 Black shipments.Source: Larry George II / Shutterstock.com This production delay forced management to cut it second-half 2019 revenue, margin, and profit guides. GPRO stock fell about 20% on the news. Shares now trade hands narrowly above $4 -- just a few dimes above all time lows. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? This is where GoPro stock deserves to trade today. For several years now, there have been murmurs of a long overdue GoPro turnaround. But, that turnaround has never arrived. The reality is that it will never arrive. GoPro is a niche consumer hardware company with low margins, a small addressable market, limited demand, and muted profit growth prospects.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven that reality, at best, shares are worth around $5 today. At worst, they could be worth nothing. As such, GPRO stock deserves to trade below $5. Any rallies above that important level should be faded. GoPro's Fundamentals Aren't GreatIn a nutshell, the fundamentals underlying GPRO stock aren't great, and don't really inspire much confidence when it comes to long-term profit growth prospects.GoPro sells action cameras. Here's the thing about action cameras. Most consumers don't need them. Most consumers don't do action and adventure things consistently enough to shell out several hundred bucks for a camera to record those activities. That's especially true considering that, for most of us, a smartphone will do the job just fine.Further, for those who do participate in action/adventure things AND want to record them on something other than a smartphone, they do buy an action camera. But, they only do so once every few years because these cameras are durable and don't get frequent enough use to upgrade any sooner.Thus, as an action camera company, GoPro is selling to a niche audience wherein potential buyers only buy once every few years. That's not a great business cycle. Especially when the cameras don't sell for that much (a few hundred bucks), and have fairly low gross margins (between 30% and 40%). Add in the fact that there's a lot of competition in this market -- DJI, Sony (NYSE:SNE), and YI, among others -- so GoPro has to spend a fair amount on sales and marketing to drive sales, and you're left with a permanently low-growth, low-margin business.Those aren't great fundamentals. Ultimately, those fundamentals support the fact that this company will never produce that big of a profit. That simultaneously implies that GoPro stock will never get that big of a price tag. GoPro Stock Isn't Worth More Than $5All things considered, GoPro stock isn't worth more than $5 today.Here's the logic. The action camera market isn't growing. GoPro isn't expanding share in that stagnant market. As such, over the next several years, GoPro's revenues should grow with inflation and price hikes. But, there won't be much unit growth. Thus, big picture, GoPro projects as a low single digit revenue grower at best.Meanwhile, gross margins are improving today. But, that's because they are bouncing back from depressed 2018 levels. After this year, gross margins will likely flatten out because GoPro doesn't have much wiggle room in terms of margin additive price hikes. Further on down the income statement, GoPro will likely continue to pull costs out of the system. But, GoPro will run into some cost-cutting resistance here because they've already done tremendous slimming, and the company still needs to spend a fair amount on marketing to remain relevant in a crowded market.GoPro projects as a low single-digit revenue grower with limited upside margin drivers. My modeling suggests that, in a best case scenario, GoPro's EPS winds up at 50 cents by fiscal 2025. Based on a market average 16-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for GPRO stock of under $5. Bottom Line on GPRO StockIn a best case scenario, GPRO stock is worth $5 today. In a worst case scenario, this company will continue to burn through cash until it's all gone, meaning the stock will ultimately wind up worthless.Given those two potential outcomes, GoPro stock doesn't look very compelling at $4 and change.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Why GoPro Stock Deserves to Trade Below $5 appeared first on InvestorPlace.

  • Business Wire

    Glancy Prongay & Murray LLP Announces Investigation on Behalf of GoPro, Inc. Investors

    Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On October 2, 2019, GoPro reduced its full year 2019 revenue guidance to a range of $1.215 to $1.25 billion, citing a “late stage production delay” that shifted shipments of its new Hero8 Black from the third quarter to the fourth quarter of 2019.

  • Business Wire

    INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of GoPro, Inc. Investors

    Law Offices of Howard G. Smith announces an investigation on behalf of GoPro, Inc. investors concerning the Company and its officers’ possible violations of federal securities laws.

  • Benzinga

    A Look At Benzinga Pro's Most-Searched Tickers For October 3, 2019

    This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Bed Bath & Beyond (NASDAQ: BBBY ) shares were ...

  • GoPro stock on track for its worst drop yet amid production delays for new Hero8 Black
    MarketWatch

    GoPro stock on track for its worst drop yet amid production delays for new Hero8 Black

    GoPro Inc. shares could suffer their steepest drop on record Thursday after the action-camera maker lowered its annual forecast due to production delays for its new Hero8Black camera.

  • Barrons.com

    GoPro Stock Is Tanking After the Company Cut Guidance. Even That May Be Too Optimistic.

    Shares of the camera company were down more than 20% in early trading. Analysts say even the reduced forecast could be hard to achieve.

  • Constellation weighed down by Canopy, Weak quarter at Bed Bath & Beyond, Uber launches marketplace for temps
    Yahoo Finance

    Constellation weighed down by Canopy, Weak quarter at Bed Bath & Beyond, Uber launches marketplace for temps

    Constellation Brands, Bed Bath and Beyond, Uber, Apple and GoPro are the companies to watch.

  • GoPro Stock Tanks 20% as Company Cuts 2019 Forecast
    Market Realist

    GoPro Stock Tanks 20% as Company Cuts 2019 Forecast

    GoPro (GPRO) stock is down 21.8% this morning. The action-camera manufacturer has reduced its 2019 revenue and EPS forecast.

  • Benzinga

    GoPro Crashes 20% After Production Delay, Analysts Remain Cautious

    GoPro Inc (NASDAQ: GPRO) shares plunged and kept dropping after the company announced Wednesday afternoon a last-minute production delay for its new flagship HERO8 Black camera. Morgan Stanley’s Erik Woodring lowered his price target on the stock from $5 to $4.50. GoPro said it now expects second half 2019 revenue to be lower by 5%, taking full year revenue down 3%.

  • Amid stock spike, GoPro has new cameras and something to say
    MarketWatch

    Amid stock spike, GoPro has new cameras and something to say

    GoPro Inc. investors have been bracing for something big, and now the pieces are starting to come together.

  • TheStreet.com

    PepsiCo, Tesla, Bed Bath, GoPro and Trade Uncertainty - 5 Things You Must Know

    U.S. stock futures rise modestly Thursday following two days of heavy declines on Wall Street linked to slowing growth and deepening trade uncertainty; PepsiCo reports earnings; Tesla posted record third-quarter deliveries but still comes up short of Wall Street forecasts; GoPro cuts its outlook on production delays.

  • MarketWatch

    GoPro shares plunge nearly 20% in extended trading on delay in camera shipments

    GoPro Inc. shares plunged nearly 20% in extended trading Wednesday after it announced a delay in shipments of its new HERO8 BLACK cameras. In a conference call with analysts late Wednesday, Chief Executive Nick Woodman said a "late-stage production delay" will push back availability of the cameras until the fourth quarter instead of the third quarter as originally planned, resulting in a fall in revenue. The delay prompted GoPro to trim its annual revenue forecast to $1.22 billion to $1.25 billion, down from $1.25 billion to $1.28 billion. It now expects to post an adjusted profit of between 33 cents and 39 cents per share for the second half of the year, compared with its prior forecast of 37 cents to 49 cents. On Tuesday, the Silicon Valley company announced its HERO8 camera series to uniformly positive reviews.

  • GoPro plunges after cutting outlook
    Yahoo Finance Video

    GoPro plunges after cutting outlook

    GoPro is falling after the company attributed shipment issues with its Hero8 device for its weak guidance. Yahoo Finance's Jared Blikre joins Akiko Fujita on The Ticker to discuss.

  • GoPro cuts outlook due to production delays
    Yahoo Finance Video

    GoPro cuts outlook due to production delays

    Yahoo Finance's Dan Roberts, Sibile Marcellus, and Brian Cheung discuss GoPro's sliding stock due to production delays.