GoPro (GPRO) Surges Higher After Wellington Ups Stake

Shares of GoPro, Inc. (GPRO) are up 3.43% in early trading after the company this morning announced that it will release its financial results for the first quarter of 2015, ended March 31, 2015, after the market closes on April 28, 2015.

GoPro said it will host a conference call and live webcast for analysts and investors on April 28, 2015 at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss the company’s financial results.

In other GPRO news this morning, Wellington Management’s latest 13F filing with the SEC shows the firm increased its stake in the HD camera-maker to 12% (7.14 million shares) from 7.4%.

GoPro, Inc. gained $1.48 in morning trading today, topping $45 for the first time since Feb. 26. Approximately 3.1 million shares have already changed hands, compared to the stock’s average daily volume of 6.91 million shares.

On valuation-measures, shares of GoPro, Inc. have a trailing-12 and forward P/E of 49.06 and 26.73, respectively. P/E to growth ratio is 1.27, while t-12 profit margin is 9.19%. EPS registers at $0.92. The company has a market cap of $5.83 billion and a median Wall Street price target of $57.00 with a high target of $105.00.

On trading-measure, GPRO has a beta of 0.66 and a short float of 34.33%. In the past 52 weeks, shares of San Mateo, California-based company have traded between a low of $28.65 and a high of $98.47 with its 50-day MA and 200-day MA located at $41.86 and $61.00 levels, respectively.

GPRO currently prints a one year gain of about 44% and a year-to-date loss of around 31%.

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