GoPro (NASDAQ:GPRO) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

GoPro (NASDAQ:GPRO) issued its quarterly earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. GoPro had a negative return on equity of 33.48% and a negative net margin of 44.37%.

GoPro Stock Down 0.9 %

NASDAQ GPRO traded down $0.01 on Thursday, reaching $1.08. The company had a trading volume of 4,596,989 shares, compared to its average volume of 1,907,869. The company’s fifty day moving average is $1.11 and its 200-day moving average is $1.25. The firm has a market capitalization of $167.14 million, a price-to-earnings ratio of -0.41 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. GoPro has a 1-year low of $0.89 and a 1-year high of $3.03.

Analysts Set New Price Targets

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

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.