Investing

4 Companies That Destroyed Shareholders Last Week

Chris Lange

Published: February 6, 2016 10:40 am

Last Updated: March 13, 2020 2:58 pm

So far 2016 has been a rocky year for everyone, and many investors are looking for cover, whether it’s from oil or other global markets. Both the Dow Jones Industrial Average and S&P 500 have felt a huge impact, even though it has only been about a month into the new year. If the adage proves to be true, “As goes January so goes the year,” in terms of market performance, investors might be in trouble.

We decided to pick out some companies that destroyed shareholders over the course of the past week. While these were not the four biggest absolute losers of the week, of the active stocks, these all issued news or had news that took place and pushed the stocks down. This past week these were all earnings related. 24/7 Wall St. has included their recent trading history as well as the 52-week trading range and the consensus analyst price target.

Match

Investors were not exactly thrilled when Match Group Inc. (NASDAQ: MTCH) reported its fourth-quarter financial results earlier in the week. The company had $0.24 in earnings per share (EPS) on $267.6 million in revenue, compared to consensus estimates from Thomson Reuters of $0.19 in EPS on revenue of $272 million. The numbers might not seem that bad, but analysts are expecting that margins might not improve in the future.

Over the course of the week, the stock dropped roughly 26%. Shares of Match were trading at $9.30 at the end of Friday’s session, with a consensus analyst price target of $15.15 and a 52-week trading range of $8.75 to $16.17.

GoPro

Shares of GoPro Inc. (NASDAQ: GPRO) absolutely cratered, following a botched earnings report in the middle of the week. The company had a net loss of $0.08 per share on $436.3 million in revenue. That compared to consensus estimates of no earnings on $496.10 million in revenue. Also in the report, Jack Lazar announced that he will be stepping down from the chief financial officer role and Brian McGee will be succeeding him effective March 11. Shares were halted once the report was released.

The stock dropped 13% over the course of the week. GoPro shares were trading at $9.96 on Friday’s close, with a consensus price target of $13.40 and a 52-week range of $9.01 to $65.49.

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