GoPro (NASDAQ:GPRO) Lowered to "Sell" Rating by StockNews.com

GoPro (NASDAQ:GPRO - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday.

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

GoPro Price Performance

GPRO traded up $0.01 during trading on Monday, hitting $0.50. 4,362,465 shares of the stock traded hands, compared to its average volume of 2,349,260. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. GoPro has a twelve month low of $0.40 and a twelve month high of $1.98. The company has a market cap of $78.02 million, a price-to-earnings ratio of -0.17 and a beta of 1.54. The business has a 50 day moving average price of $0.73 and a 200 day moving average price of $1.04.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in shares of GoPro in the 3rd quarter worth approximately $35,000. State Street Corp raised its holdings in shares of GoPro by 0.5% in the 3rd 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 boosted its holdings in GoPro by 63.4% during the 3rd 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 increased its position in shares of GoPro by 4.0% during the third quarter. Barclays PLC now owns 628,791 shares of the company's stock valued at $855,000 after acquiring an additional 24,044 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in GoPro by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 127,323 shares of the company's stock valued at $139,000 after buying an additional 12,147 shares during the period. 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.