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GoPro to cut 270 jobs, shares surge

GoPro to cut 270 jobs, shares surgeā€

After mounting quarterly losses, botched product launches, and having its stock price hit record lows, camera maker GoPro on Wednesday announced it would cut 270 full-time jobs to lower operating expenses. Also, General Counsel Sharon S. Zezima sold 6,297 shares of the business's stock in a transaction dated Friday, February 17th.

Covering sell-side analysts have recently weighed in on shares of GoPro, Inc. In a research note issued on Mar 06, 2017, analysts at downgraded the stock to Sell from Neutral. The stock now has an average rating of "Hold" and an average target price of $10.79. However, according to reliable resources, GoPro Hero 6 will aim to pack exciting new features while delivering an affordable price that appeals to the mass market.

Investors will have to wait until April 27 to see if GoPro lives up to its upbeat guidance. Stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, 3 analysts given HOLD rating to the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Shares closed at $8.51, their highest close since March 3. Stifel Nicolaus' price objective suggests a potential upside of 22.45% from the stock's previous close. It is the company's third head count reduction since January 2016. The disclosure for this sale can be found here. The company has a 1 Year high price target of $8.57. Shares have fallen 33% since the 4Q16 results call on Feb 3 (vs. Nasdaq +4%), which we believe underscores these risks.

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GoPro, Inc. (GoPro) produces cameras and mountable and wearable accessories.

Considering the performance, GoPro, Inc.

03/06/2017 - GoPro Inc was downgraded to "sell" by analysts at Goldman Sachs.

Juventus vs. FC Porto live stream
Miralem Pjanic was also left on the bench as Allegri selected an attacking team which included Dybala, Gonzalo Higuain and Mario Mandzukic.

The firm's 50 day moving average is $9.17 and its 200-day moving average is $11.24. The stock's market capitalization is $1.04 billion.

RTI Surgical, Inc. (NASDAQ:RTIX) announced that it has entered into a settlement agreement with an investor group led by Krensavage Partners, LP which collectively own approximately 7% of the outstanding shares of common stock of the Company. On the other hand, in the September 2017 quarter the company recorded a net $240.57M revenue with earnings per share of $-0.60.

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