StockNews.com Downgrades GoPro (NASDAQ:GPRO) to Sell

StockNews.com cut shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a report issued on Sunday morning.

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

GoPro Trading Up 1.0 %

Shares of GPRO stock opened at $0.76 on Friday. The stock’s 50-day moving average price is $0.89 and its 200-day moving average price is $1.13. GoPro has a 12-month low of $0.64 and a 12-month high of $2.40. The stock has a market capitalization of $117.62 million, a price-to-earnings ratio of -0.27 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 posted its 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%. Equities research analysts predict that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On GoPro

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of GoPro during the fourth quarter valued at approximately $191,000. Squarepoint Ops LLC bought a new position in GoPro in the 4th quarter valued at $42,000. Two Sigma Investments LP increased its stake in GoPro by 4.2% in the fourth quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock worth $1,646,000 after purchasing an additional 61,484 shares during the period. Graham Capital Management L.P. lifted its position in shares of GoPro by 566.8% during the fourth quarter. Graham Capital Management L.P. now owns 72,253 shares of the company’s stock worth $79,000 after purchasing an additional 61,418 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of GoPro by 110.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after purchasing an additional 379,500 shares during the period. 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.