GoPro (NASDAQ:GPRO) Downgraded to “Sell” Rating by StockNews.com

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

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

GoPro Trading Up 5.5 %

GoPro stock opened at $0.75 on Friday. The stock has a 50-day moving average price of $0.90 and a 200 day moving average price of $1.14. GoPro has a 52 week low of $0.64 and a 52 week high of $2.40. The stock has a market cap of $116.46 million, a PE ratio of -0.26 and a beta of 1.62. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

GoPro (NASDAQ:GPRO) last issued 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 return on equity of 55.77% and a negative net margin of 53.94%. Equities research analysts predict that GoPro will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of GoPro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RIA Advisory Group LLC purchased a new position in shares of GoPro during the 3rd quarter worth about $27,000. Intech Investment Management LLC purchased a new position in GoPro during the third quarter worth approximately $35,000. Prentice Capital Management LP raised its stake in GoPro by 430.4% during the third quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock worth $102,000 after purchasing an additional 61,154 shares during the period. State Street Corp boosted its holdings in shares of GoPro by 0.5% in the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock valued at $3,446,000 after purchasing an additional 11,454 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 valued at $671,000 after buying an additional 191,487 shares during the period. 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.