Tag Archives: gpro

How low can GoPro stock go? Shares hit post-IPO nadir

GoPro (GPRO) stock sank below its IPO price for the first time on Thursday over continuing concerns about slowing sales of its action cameras. GoPro stock fell 7.8% to 23.15 on the stock market today. Intraday it was as low as 23.10. GoPro went public on June 26, 2014, at $24 a share. It reached as high as 98.47 on Oct. 7, 2014. GoPro leads the market for wearable action cameras that capture video and still images in high resolution. But it faces

GoPro needs to attract more soccer moms, baseball dads

To regain its footing, action camera maker GoPro (GPRO) needs to attract more soccer moms and Little League dads as customers, Northland Capital Markets analyst Gus Richard said in a report Monday. GoPro’s core demographic has been 14- to 25-year-olds trying to make videos that will go viral on YouTube, he said. These videos often involve youthful sports like surfing, mountain biking, rock climbing and base jumping. “If that is the only market for

GoPro stock wipes out on Q3 miss, weak Q4 outlook

GoPro (GPRO) investors watched the stock go low on Thursday, crashing a day after the company posted disappointing Q3 results and offered weak guidance for holiday sales. GoPro late Wednesday said it earned 25 cents a share excluding items, up 108% year over year but missing Wall Street’s target of 29 cents. Sales rose 43% to $400.3 million, but analysts were modeling $433.6 million. For Q4, GoPro guided to revenue of $500 million to $550 million,