By Sarah Roden

GoPro Inc (NASDAQ:GPRO) is a San Mateo, California based corporation that develops, manufactures, and markets high-definition personal cameras. These cameras are often used for extreme action video photography. Shares of GoPro have increased nearly 180% since its highly anticipated IPO was released in June.

Last week, Chief Executive Nicholas Woodman gave 5.8 million Class A shares to a charitable foundation, causing the shares to fall nearly 14%. Despite this setback, GoPro shares have been steadily increasing and continued to increase 7.8% yesterday after an announcement to unveil a new retail plan for the holiday season. GoPro displays in retail stores will include large screens to showcase GoPro footage and promote the new version of the camera; the GoPro HERO4.

Shares of GoPro opened at $92.35 on Tuesday, October 7th. The compact high-definition camera company has a 1-year high of $98.47 and a 1-year low of $28.65. The stock’s daily moving average is $94.84 and has a 50-day moving average of $66.23. The market cap for GoPro is $11.83 billion and its P/E ratio if 289.89.

Sean Naughton of Piper Jaffray cut his GoPro rating from Overweight to Neutral.  Naughton found that the product was popular among teenagers, but “the current valuation leaves little room for additional upside.” Naughton currently has a 41% success rate recommending stocks, earning a +1.8% average return per recommendation. He has rated GoPro Inc (NASDAQ:GPRO) four times in the past four months with 100% success rate.

GoPro

Separately, Alex Gauna of JMP Securities rated GoPro as a Buy. Guana has a 58% success rate recommending stocks, earnings  a +8.8% average return per recommendation. Gauna has rated GoPro three times in the past four months, yielding a success rate of 50%.

On average, the top analyst consensus for GoPro Inc (NASDAQ:GPRO) is Hold.

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Sarah writes about stock market news. She can be reached at [email protected]