GoPro (NASDAQ:GPRO) Cut to Sell at StockNews.com

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

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

GoPro Trading Up 3.4 %

GPRO opened at $0.71 on Friday. 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 company’s 50 day simple moving average is $0.91 and its two-hundred day simple moving average is $1.14. GoPro has a 1-year low of $0.64 and a 1-year high of $2.40. The firm has a market capitalization of $110.38 million, a price-to-earnings ratio of -0.25 and a beta of 1.62.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share 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%. Analysts expect that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Trading of GoPro

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock valued at $26,000 after buying an additional 14,485 shares during the period. RIA Advisory Group LLC acquired a new stake in GoPro in the 3rd quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in GoPro in the 4th quarter valued at approximately $27,000. Picton Mahoney Asset Management increased its holdings in GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after purchasing an additional 12,172 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in GoPro in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.