GoPro, Inc. (NASDAQ:GPRO) Short Interest Update

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,520,000 shares, an increase of 58.6% from the January 31st total of 4,740,000 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,410,000 shares, the days-to-cover ratio is presently 3.1 days.

Analysts Set New Price Targets

A number of analysts have commented on GPRO shares. Wedbush reaffirmed a "neutral" rating and set a $1.50 target price on shares of GoPro in a report on Friday, January 31st. StockNews.com lowered GoPro from a "hold" rating to a "sell" rating in a research note on Friday, February 28th.

GoPro Stock Performance

Shares of NASDAQ GPRO traded down $0.00 during trading on Wednesday, hitting $0.73. The company had a trading volume of 1,454,623 shares, compared to its average volume of 2,893,631. The stock has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $1.18. The firm has a market capitalization of $112.34 million, a P/E ratio of -0.26 and a beta of 1.51. 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 12 month low of $0.68 and a 12 month high of $2.40.

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GoPro (NASDAQ:GPRO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that GoPro will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On GoPro

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of GoPro in the fourth quarter worth about $191,000. Squarepoint Ops LLC bought a new position in GoPro in the 4th quarter worth approximately $42,000. Two Sigma Investments LP boosted its stake in GoPro by 4.2% in the 4th 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. raised 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 valued at $79,000 after buying an additional 61,418 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of GoPro by 110.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company's stock worth $787,000 after buying an additional 379,500 shares in the last quarter. 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.