GoPro (NASDAQ:GPRO) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of GoPro (NASDAQ:GPRO - Free Report) from a sell rating to a hold rating in a report released on Monday.

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

GoPro Stock Down 0.2 %

Shares of GPRO traded down $0.00 during mid-day trading on Monday, hitting $0.73. The company's stock had a trading volume of 3,981,518 shares, compared to its average volume of 2,188,470. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company's 50-day moving average is $0.86 and its 200-day moving average is $1.12. GoPro has a 52-week low of $0.64 and a 52-week high of $2.32. The firm has a market capitalization of $113.07 million, a price-to-earnings ratio of -0.26 and a beta of 1.62.

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

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Institutional Investors Weigh In On GoPro

A number of large investors have recently made changes to their positions in GPRO. Tower Research Capital LLC TRC raised 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 worth $26,000 after acquiring an additional 14,485 shares during the last quarter. R Squared Ltd acquired a new position in GoPro in the 4th quarter worth approximately $27,000. Picton Mahoney Asset Management raised its position 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 buying an additional 12,172 shares during the last quarter. Intech Investment Management LLC acquired a new stake in GoPro during the 3rd quarter valued at approximately $35,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of GoPro by 90.4% in the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock valued at $39,000 after acquiring an additional 17,158 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.