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

Equities researchers at StockNews.com began coverage on shares of GoPro (NASDAQ:GPRO - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "sell" rating on the stock.

Separately, Wedbush reiterated a "neutral" rating and issued a $1.50 price objective on shares of GoPro in a research note on Friday, January 31st.

GoPro Trading Up 0.4 %

Shares of NASDAQ GPRO traded up $0.00 during trading on Thursday, reaching $0.53. The stock had a trading volume of 1,863,237 shares, compared to its average volume of 2,362,629. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The company has a market cap of $82.73 million, a P/E ratio of -0.19 and a beta of 1.54. GoPro has a fifty-two week low of $0.40 and a fifty-two week high of $1.98. The business's 50-day moving average price is $0.68 and its 200-day moving average price is $1.02.

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 return on equity of 55.77% and a negative net margin of 53.94%. On average, equities research analysts predict that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On GoPro

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in GoPro by 0.5% during the third quarter. State Street Corp now owns 2,533,952 shares of the company's stock worth $3,446,000 after acquiring an additional 11,454 shares during the last quarter. Jane Street Group LLC grew its position in shares of GoPro by 63.4% during the third quarter. Jane Street Group LLC now owns 493,421 shares of the company's stock worth $671,000 after acquiring an additional 191,487 shares during the last quarter. Barclays PLC grew its stake 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 purchasing an additional 24,044 shares in the last quarter. SG Americas Securities LLC boosted its stake in GoPro by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company's stock valued at $139,000 after purchasing an additional 12,147 shares in the last quarter. Finally, R Squared Ltd bought a new stake in GoPro during the fourth quarter worth approximately $27,000. 70.09% of the stock is owned by institutional investors and hedge funds.

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.