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 report released on Friday.

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

GoPro Stock Up 1.0 %

Shares of GoPro stock traded up $0.01 on Friday, reaching $0.73. The company's stock had a trading volume of 3,096,074 shares, compared to its average volume of 2,928,011. The company has a market capitalization of $112.98 million, a price-to-earnings ratio of -0.26 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. GoPro has a 52 week low of $0.68 and a 52 week high of $2.40. The firm's fifty day simple moving average is $0.98 and its two-hundred day simple moving average is $1.18.

GoPro (NASDAQ:GPRO - Get Free Report) last released 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 return on equity of 55.77% and a negative net margin of 53.94%. Equities analysts anticipate that GoPro will post -0.25 earnings per share for the current year.

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Institutional Trading of GoPro

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of GoPro by 149.4% in the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company's stock worth $3,458,000 after purchasing an additional 1,523,183 shares during the period. RIA Advisory Group LLC purchased a new position in shares of GoPro during the 3rd quarter worth $27,000. Intech Investment Management LLC purchased a new position in shares of GoPro during the 3rd quarter worth $35,000. Prentice Capital Management LP grew its position in shares of GoPro by 430.4% during the 3rd quarter. Prentice Capital Management LP now owns 75,362 shares of the company's stock valued at $102,000 after acquiring an additional 61,154 shares during the period. Finally, State Street Corp increased its stake 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 purchasing an additional 11,454 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

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.