GoPro, Inc. (NASDAQ:GPRO) Short Interest Down 5.4% in January

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 4,350,000 shares, a decrease of 5.4% from the December 31st total of 4,600,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 2.7 days.

Analysts Set New Price Targets

Separately, Wedbush restated a "neutral" rating and set a $1.50 price objective on shares of GoPro in a research report on Friday, January 31st.

GoPro Stock Up 12.7 %

Shares of GPRO traded up $0.12 during mid-day trading on Wednesday, reaching $1.09. The company had a trading volume of 5,618,357 shares, compared to its average volume of 1,811,324. GoPro has a 52 week low of $0.89 and a 52 week high of $3.03. The company has a market capitalization of $168.69 million, a price-to-earnings ratio of -0.42 and a beta of 1.51. The firm has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.25. 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 (NASDAQ:GPRO - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, hitting analysts' consensus estimates of ($0.04). The firm had revenue of $258.90 million during the quarter, compared to analyst estimates of $254.92 million. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, sell-side analysts forecast that GoPro will post -2.65 EPS for the current year.

Institutional Investors Weigh In On GoPro

Hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new position in GoPro during the 4th quarter valued at about $27,000. SG Americas Securities LLC grew its holdings in GoPro by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 127,323 shares of the company's stock worth $139,000 after acquiring an additional 12,147 shares during the period. Barclays PLC raised its position in shares of GoPro by 4.0% in the third quarter. Barclays PLC now owns 628,791 shares of the company's stock worth $855,000 after acquiring an additional 24,044 shares during the period. Jane Street Group LLC lifted its position 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 in the last quarter. Finally, State Street Corp increased its stake in GoPro by 0.5% during the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company's stock worth $3,446,000 after buying an additional 11,454 shares in the last quarter. 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.