GoPro (NASDAQ:GPRO) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of GoPro (NASDAQ:GPRO) in a report issued on Thursday. The firm set a “sell” rating on the stock.

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

GoPro Price Performance

GoPro stock opened at $0.52 on Thursday. The company’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $1.03. 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 $0.40 and a 1 year high of $1.98. The company has a market capitalization of $82.38 million, a price-to-earnings ratio of -0.18 and a beta of 1.54.

GoPro (NASDAQ:GPRO) last announced 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 net margin of 53.94% and a negative return on equity of 55.77%. As a group, equities 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 hedge funds have recently added to or reduced their stakes in GPRO. Tower Research Capital LLC TRC increased its position in shares of GoPro by 153.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after acquiring an additional 14,485 shares during the period. R Squared Ltd purchased a new stake in GoPro during the 4th quarter worth about $27,000. Picton Mahoney Asset Management raised its position 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 in the last quarter. MetLife Investment Management LLC boosted its stake in shares of GoPro by 90.4% in the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock valued at $39,000 after buying an additional 17,158 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of GoPro during the fourth quarter worth about $42,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.