StockNews.com Upgrades GoPro (NASDAQ:GPRO) to “Hold”

GoPro (NASDAQ:GPRO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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

GoPro Stock Up 2.2 %

Shares of GPRO opened at $0.74 on Friday. GoPro has a 52 week low of $0.68 and a 52 week high of $2.40. The firm has a market cap of $113.95 million, a P/E ratio of -0.26 and a beta of 1.62. The firm’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $1.16. 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 (NASDAQ:GPRO) last announced its quarterly 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%. On average, analysts forecast that GoPro will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its position in shares of GoPro by 149.4% during the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock worth $3,458,000 after purchasing an additional 1,523,183 shares in the last quarter. Jane Street Group LLC boosted its position in shares of GoPro by 63.4% during the 3rd quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock worth $671,000 after acquiring an additional 191,487 shares in the last quarter. State Street Corp boosted its position in shares of GoPro by 0.5% during the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock worth $3,446,000 after acquiring an additional 11,454 shares in the last quarter. Barclays PLC boosted its position in shares of GoPro by 4.0% during the 3rd quarter. Barclays PLC now owns 628,791 shares of the company’s stock worth $855,000 after acquiring an additional 24,044 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of GoPro during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.