GoPro (GPRO): Interest Doesn't Translate Into Sales - Dougherty
- Banks, telecoms lead Wall Street up; another Dow record
- Western Digital (WDC) Raises Q2 Outlook
- bluebird bio (BLUE) to Offer $200M of Common Stock
- Dave & Buster's Entertainment (PLAY) Tops Q3 EPS by 11c, Raises FY Revenue Guidance
- Deal Progress Said to Slow as Johnson & Johnson (JNJ) Puts Actelion (ALIOY) Under Microscope - Source
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Dougherty & Co analyst, Charles Anderson, reiterated his Neutral rating on shares of GoPro (NASDAQ: GPRO) after September saw improving trends in Google searches as the company continued to hit easier YOY comps and announced a handful of new products on 9/19. On the flip side, sell-through of cameras appeared to decelerate (based on app download trends) as consumers awaited new products.
September Google searches for the GoPro brand were up 16% YOY globally (vs. -18% YOY in August) and up 6% YOY in the U.S. (vs. -23% YOY in August).
YouTube searches for "GoPro"were down 16% YOY (vs. -39% YOY in August).
The GoPro app on the iPhone in the U.S. rose up the charts 4% YOY in August, decelerating from +23% YOY in August.
The Google Play app moved down the charts 10% YOY in September vs. -3% YOY in August.
Shares of GoPro closed at $16.74 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stocks with Implied Volatility Movement
- Mizuho Securities Raises Price Target on Noble Midstream Partners LP (NBLX) to $37
- UPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to Hold
Create E-mail Alert Related CategoriesAnalyst Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!