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

StockNews.com lowered shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a research note published on Sunday morning.

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

GoPro Stock Performance

Shares of GPRO stock opened at $0.71 on Friday. The firm has a market capitalization of $110.38 million, a price-to-earnings ratio of -0.25 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. The business has a fifty day moving average of $0.91 and a 200 day moving average of $1.14. GoPro has a 1 year low of $0.64 and a 1 year high of $2.40.

GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that GoPro will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On GoPro

A number of institutional investors have recently modified their holdings of GPRO. Bridgeway Capital Management LLC grew its position 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 acquiring an additional 379,500 shares during the period. Jane Street Group LLC grew its position in shares of GoPro by 52.4% during the 4th quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock valued at $820,000 after acquiring an additional 258,600 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of GoPro during the 4th quarter valued at about $221,000. Public Employees Retirement System of Ohio acquired a new stake in shares of GoPro during the 4th quarter valued at about $191,000. Finally, Renaissance Technologies LLC grew its position in shares of GoPro by 14.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock valued at $1,428,000 after acquiring an additional 164,600 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.