GoPro (NASDAQ:GPRO) Upgraded at StockNews.com

GoPro (NASDAQ:GPRO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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

GoPro Stock Performance

GPRO stock opened at $0.74 on Friday. GoPro has a 1-year low of $0.68 and a 1-year high of $2.40. The business has a 50-day moving average price of $0.96 and a 200 day moving average price of $1.17. The company has a market capitalization of $113.95 million, a P/E ratio of -0.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87.

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

Hedge Funds Weigh In On GoPro

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRO. Public Employees Retirement System of Ohio purchased a new stake in shares of GoPro during the fourth quarter valued at about $191,000. Squarepoint Ops LLC acquired a new stake in GoPro in the fourth quarter valued at approximately $42,000. Two Sigma Investments LP grew its holdings in GoPro by 4.2% in the fourth quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock worth $1,646,000 after purchasing an additional 61,484 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of GoPro by 566.8% during the fourth quarter. Graham Capital Management L.P. now owns 72,253 shares of the company’s stock worth $79,000 after purchasing an additional 61,418 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of GoPro by 110.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after purchasing an additional 379,500 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About GoPro

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.