GoPro (NASDAQ:GPRO) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, Wedbush restated a “neutral” rating and issued a $1.50 price target on shares of GoPro in a research note on Friday, January 31st.

GoPro Stock Down 1.8 %

Shares of NASDAQ:GPRO opened at $0.75 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The firm has a market capitalization of $115.51 million, a P/E ratio of -0.26 and a beta of 1.51. The stock has a 50 day moving average price of $0.99 and a 200-day moving average price of $1.18. GoPro has a 52-week low of $0.73 and a 52-week high of $2.42.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). GoPro had a negative return on equity of 55.77% and a negative net margin of 53.94%. As a group, equities research analysts anticipate that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Trading of GoPro

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its stake in GoPro by 149.4% during the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock valued at $3,458,000 after purchasing an additional 1,523,183 shares during the last quarter. Jane Street Group LLC boosted its stake in GoPro by 63.4% during the 3rd quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock valued at $671,000 after purchasing an additional 191,487 shares during the last quarter. State Street Corp boosted its stake in GoPro by 0.5% during the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock valued at $3,446,000 after purchasing an additional 11,454 shares during the last quarter. Barclays PLC boosted its stake in GoPro by 4.0% during the 3rd quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after purchasing an additional 24,044 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in GoPro during the 3rd quarter valued at $35,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

GoPro Company Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.