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GPRO

GoPro

$7.52

-0.05 (-0.66%)

13:23
01/08/18
01/08
13:23
01/08/18
13:23

GoPro seeks to sell itself as troubles continue, CNBC says

GoPro has tapped JPMorgan Chase to help it seek a possible sale, CNBC reports, citing people familiar with the matter. The bank helped underwrite GoPro's IPO in 2014, the report notes. No sale is guaranteed, and it is unclear if there is an interested buyer for the company, the report says. Shares of GoPro are down 15.7% to $6.34 in afternoon trading. Reference Link

  • 08

    Jan

  • 09

    Jan

GPRO GoPro
$7.52

-0.05 (-0.66%)

01/08/18
LBOW
01/08/18
DOWNGRADE
LBOW
Neutral
GoPro downgraded to Neutral from Buy at Longbow
01/08/18
01/08/18
DOWNGRADE

Neutral
GoPro downgraded ahead of expected negative preannouncement at Longbow
As previously reported, Longbow analyst Joe Wittine downgraded GoPro to Neutral from Buy, predicting the company will issue a negative preannouncement this week in concert with its appearance at the CES event. His channel checks confirmed the holidays missed the company's plan and late quarter $100 price cuts were not enough to save the quarter, Wittine tells investors. He hoped for a stronger-than-typical Q1 sell-in, but that has also become less likely based on channel inventory, added Wittine.
01/08/18
JPMS
01/08/18
NO CHANGE
Target $9
JPMS
Overweight
GoPro price target lowered to $9 from $13 at JPMorgan
JPMorgan analyst Paul Coster lowered his price target for GoPro shares to $9 citing today's negative preannouncement. The analyst now assumes lower pricing and gross margins through 2019. Offsetting this somewhat is reduced operating expenses from GoPro's restructuring initiatives, Coster tells investors in a research note. He keeps an Overweight rating on the shares. The analyst still believes a return to profitability is probable in 2018. GoPro in morning trading is off the day's lows, but the stock remains down 21% to $5.98.
01/08/18
01/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. GoPro (GPRO) downgraded to Neutral from Buy at Longbow with analyst Joe Wittine saying his channel checks confirmed the holidays missed the company's plan and late quarter $100 price cuts were not enough to save the quarter. 2. Snap (SNAP) downgraded to Hold from Buy at Jefferies with analyst Brent Thill saying he continues to have optimism around Snap's platform, but believes "fundamental execution needs to be shown" before he can be more positive on the name. 3. Cirrus Logic (CRUS) downgraded to Sector Weight from Overweight at KeyBanc with analyst John Vinh citing his "disappointment" with the current iPhone cycle and the lack of meaningful content gains until 2019. 4. Pandora (P) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne noting that the company's core free product has not evolved meaningfully and faces continued innovation by Spotify, Apple (AAPL) and Amazon (AMZN) while also being pressured by free music available on Google's (GOOG) YouTube. 5. GrubHub (GRUB) downgraded to Neutral from Outperform at Wedbush with analyst Aaron Turner saying that while he continues to like the company's market opportunity and competitive positioning, the current peak valuation of shares accurately reflects these positive dynamics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$273.67

0.41 (0.15%)

12:03
05/22/18
05/22
12:03
05/22/18
12:03
Technical Analysis
Technical Take: SPDR S&P 500 ETF in middle of range at mid-session »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$273.67

0.41 (0.15%)

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HAS

Hasbro

$88.39

1.1 (1.26%)

, ATVI

Activision Blizzard

$71.45

(0.00%)

12:02
05/22/18
05/22
12:02
05/22/18
12:02
Hot Stocks
Hasbro, Activision Blizzard sign licensing agreement for Overwatch »

Hasbro (HAS) announced…

HAS

Hasbro

$88.39

1.1 (1.26%)

ATVI

Activision Blizzard

$71.45

(0.00%)

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JCP

J.C. Penney

$2.36

-0.145 (-5.79%)

, LOW

Lowe's

$86.43

-0.94 (-1.08%)

12:01
05/22/18
05/22
12:01
05/22/18
12:01
General news
On The Fly: Top stock stories at midday »

Stocks opened in positive…

JCP

J.C. Penney

$2.36

-0.145 (-5.79%)

LOW

Lowe's

$86.43

-0.94 (-1.08%)

KSS

Kohl's

$60.56

-4.91 (-7.50%)

MU

Micron

$59.33

3.85 (6.94%)

INTC

Intel

$54.45

0.13 (0.24%)

PLAB

Photronics

$9.05

0.6 (7.10%)

GSM

Ferroglobe

$11.87

0.52 (4.58%)

PSTG

Pure Storage

$21.75

-1.85 (-7.84%)

AZO

AutoZone

$611.74

-53.94 (-8.10%)

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NVTA

Invitae

$7.41

0.1697 (2.34%)

11:55
05/22/18
05/22
11:55
05/22/18
11:55
Hot Stocks
Breaking Hot Stocks news story on Invitae »

ARK Investment reports…

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  • 12

    Jun

AWK

American Water

$80.80

0.3 (0.37%)

11:51
05/22/18
05/22
11:51
05/22/18
11:51
Hot Stocks
Illinois American Water invests approx. $430,000 in Ransom drinking water system »

Illinois American Water…

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NKE

Nike

$71.78

0.4 (0.56%)

11:50
05/22/18
05/22
11:50
05/22/18
11:50
Options
Notable spreads in Nike »

Notable spreads in Nike.…

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  • 26

    Jun

XLE

Energy Select Sector SPDR

$79.27

0.4 (0.51%)

11:46
05/22/18
05/22
11:46
05/22/18
11:46
Technical Analysis
Technical Take: Energy Select Sector SPDR hits new 52-week high »

At time of writing the…

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BMRN

BioMarin

$85.71

-3.64 (-4.07%)

11:45
05/22/18
05/22
11:45
05/22/18
11:45
Recommendations
BioMarin analyst commentary  »

BioMarin 'raised…

03/08/13
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  • 22

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DO

Diamond Offshore

$20.60

0.71 (3.57%)

11:45
05/22/18
05/22
11:45
05/22/18
11:45
Options
Diamond Offshore call volume above normal and directionally bullish »

Bullish option flow…

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ALB

Albemarle

$104.25

0.17 (0.16%)

11:41
05/22/18
05/22
11:41
05/22/18
11:41
Conference/Events
Albemarle management to meet with UBS »

Meeting to be held in…

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  • 24

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GIS

General Mills

$42.00

0.23 (0.55%)

11:40
05/22/18
05/22
11:40
05/22/18
11:40
Conference/Events
General Mills management to meet with UBS »

Meeting to be held in…

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  • 24

    May

11:38
05/22/18
05/22
11:38
05/22/18
11:38
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

11:38
05/22/18
05/22
11:38
05/22/18
11:38
General news
52-Week Bill Auction Bid/Cover data reported »

52-Week Bill Auction…

11:38
05/22/18
05/22
11:38
05/22/18
11:38
General news
52-Week Bill Auction Total Amount data reported »

52-Week Bill Auction…

MYND

MYnd Analytics

$2.66

-0.5 (-15.82%)

11:33
05/22/18
05/22
11:33
05/22/18
11:33
Syndicate
Breaking Syndicate news story on MYnd Analytics »

MYnd Analytics files to…

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AZO

AutoZone

$620.18

-45.5 (-6.84%)

11:32
05/22/18
05/22
11:32
05/22/18
11:32
Technical Analysis
Technical Take: AutoZone back near lows of the day »

After a brief bounce…

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  • 22

    May

TJX

TJX

$87.50

2.84 (3.35%)

11:30
05/22/18
05/22
11:30
05/22/18
11:30
Earnings
TJX sees Q2 revenue approx. $9B, consensus $8.47B »

Expects wage increases to…

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  • 22

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RCII

Rent-A-Center

$10.07

-0.14 (-1.37%)

11:30
05/22/18
05/22
11:30
05/22/18
11:30
Options
Notable ratio spread in Rent A Center »

Notable ratio spread in…

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TJX

TJX

$86.77

2.11 (2.49%)

11:28
05/22/18
05/22
11:28
05/22/18
11:28
Earnings
TJX sees FY19 revenue $37.7B-$37.9B, consensus $37.87B »

Expects pretax profit…

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  • 22

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TGT

Target

$76.39

-0.47 (-0.61%)

, AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

11:27
05/22/18
05/22
11:27
05/22/18
11:27
Earnings
On The Fly: What to watch in Target's earnings report »

Target (TGT) is scheduled…

TGT

Target

$76.39

-0.47 (-0.61%)

AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

WMT

Walmart

$84.33

-0.17 (-0.20%)

SHLD

Sears

$3.35

-0.29 (-7.97%)

JCP

J.C. Penney

$2.41

-0.1 (-3.99%)

KSS

Kohl's

$61.15

-4.32 (-6.60%)

W

Wayfair

$84.92

-0.6 (-0.70%)

TSLA

Tesla

$277.25

-7.24 (-2.54%)

03/08/13
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11:25
05/22/18
05/22
11:25
05/22/18
11:25
Conference/Events
RBC commodity strategist to hold a luncheon meeting »

Group Luncheon Meeting,…

ONCE

Spark Therapeutics

$74.00

0.97 (1.33%)

, BMRN

BioMarin

$85.77

-3.58 (-4.01%)

11:21
05/22/18
05/22
11:21
05/22/18
11:21
Recommendations
Spark Therapeutics, BioMarin analyst commentary  »

Spark Therapeutics should…

ONCE

Spark Therapeutics

$74.00

0.97 (1.33%)

BMRN

BioMarin

$85.77

-3.58 (-4.01%)

03/08/13
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ADSK

Autodesk

$138.56

1.05 (0.76%)

11:20
05/22/18
05/22
11:20
05/22/18
11:20
Options
Autodesk calls active ahead of earnings »

Autodesk calls active…

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  • 24

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TJX

TJX

$86.18

1.52 (1.80%)

11:17
05/22/18
05/22
11:17
05/22/18
11:17
Hot Stocks
TJX 'disproportionally' attracting millennial customers »

TJX "very…

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  • 22

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
05/22/18
05/22
11:17
05/22/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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