Investors Purchase Large Volume of Call Options on GoPro (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 2,587 call options on the company. This is an increase of approximately 219% compared to the typical daily volume of 812 call options.

GoPro Price Performance

NASDAQ:GPRO traded down $0.18 during mid-day trading on Friday, reaching $0.90. 10,367,205 shares of the stock were exchanged, compared to its average volume of 2,034,192. GoPro has a 1-year low of $0.85 and a 1-year high of $2.67. 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 firm has a market capitalization of $139.10 million, a PE ratio of -0.32 and a beta of 1.51. The business has a fifty day moving average price of $1.11 and a 200 day moving average price of $1.24.

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

Institutional Investors Weigh In On GoPro

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its position 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 valued at $3,458,000 after purchasing an additional 1,523,183 shares during the period. State Street Corp boosted its holdings in shares of GoPro by 0.5% in the third quarter. State Street Corp now owns 2,533,952 shares of the company's stock worth $3,446,000 after buying an additional 11,454 shares during the period. Barclays PLC increased its position in shares of GoPro by 4.0% in the third quarter. Barclays PLC now owns 628,791 shares of the company's stock worth $855,000 after acquiring an additional 24,044 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of GoPro by 63.4% during the third quarter. Jane Street Group LLC now owns 493,421 shares of the company's stock valued at $671,000 after acquiring an additional 191,487 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of 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 acquiring an additional 12,147 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.