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

StockNews.com lowered shares of GoPro (NASDAQ:GPRO - Free Report) from a hold rating to a sell rating in a research note issued to investors on Sunday.

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

GoPro Stock Performance

Shares of NASDAQ:GPRO traded up $0.03 during midday trading on Friday, reaching $0.79. The company's stock had a trading volume of 6,381,434 shares, compared to its average volume of 2,051,415. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $0.89 and a 200 day moving average of $1.13. GoPro has a twelve month low of $0.64 and a twelve month high of $2.40. The firm has a market capitalization of $121.80 million, a PE ratio of -0.28 and a beta of 1.62.

GoPro (NASDAQ:GPRO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.13) earnings per share 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%. On average, equities analysts expect that GoPro will post -0.25 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of GoPro by 0.5% during the third quarter. State Street Corp now owns 2,533,952 shares of the company's stock valued at $3,446,000 after acquiring an additional 11,454 shares during the last quarter. SG Americas Securities LLC lifted its holdings in GoPro by 10.5% in 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. Picton Mahoney Asset Management boosted its stake in GoPro by 77.4% during the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock worth $30,000 after purchasing an additional 12,172 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of GoPro by 153.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock worth $26,000 after buying an additional 14,485 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of GoPro by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock valued at $81,000 after buying an additional 15,255 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

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.