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

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

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

GoPro Stock Up 1.0 %

Shares of NASDAQ GPRO traded up $0.01 during trading on Friday, hitting $0.76. 8,141,159 shares of the company traded hands, compared to its average volume of 2,031,355. The business's fifty day moving average is $0.89 and its 200 day moving average is $1.13. GoPro has a fifty-two week low of $0.64 and a fifty-two week high of $2.40. The firm 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 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 data 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%. Equities research analysts predict that GoPro will post -0.25 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On GoPro

Institutional investors and hedge funds have recently made changes to their positions in the business. RIA Advisory Group LLC acquired a new stake in shares of GoPro in the 3rd quarter worth about $27,000. Tower Research Capital LLC TRC increased its stake in GoPro by 153.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock valued at $26,000 after buying an additional 14,485 shares during the last quarter. R Squared Ltd purchased a new stake in GoPro in the 4th quarter valued at about $27,000. Intech Investment Management LLC purchased a new stake in GoPro in the 3rd quarter valued at about $35,000. Finally, Picton Mahoney Asset Management increased its stake in GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock valued at $30,000 after buying an additional 12,172 shares during the last quarter. Institutional investors and hedge funds 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.