GoPro (NASDAQ:GPRO) Raised to Hold at StockNews.com

GoPro (NASDAQ:GPRO - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.

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

GoPro Price Performance

NASDAQ:GPRO traded down $0.03 during trading hours on Friday, hitting $0.66. The company's stock had a trading volume of 5,776,008 shares, compared to its average volume of 3,018,539. GoPro has a twelve month low of $0.64 and a twelve month high of $2.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $0.94 and a 200-day simple moving average of $1.16. The company has a market capitalization of $102.24 million, a P/E ratio of -0.23 and a beta of 1.62.

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 net margin of 53.94% and a negative return on equity of 55.77%. On average, analysts anticipate that GoPro will post -0.25 EPS for the current fiscal year.

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Institutional Trading of GoPro

Large investors have recently bought and sold shares of the business. State Street Corp grew its stake in GoPro by 0.5% during the third 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 during the period. SG Americas Securities LLC grew its position in shares of GoPro by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company's stock worth $139,000 after buying an additional 12,147 shares during the period. Picton Mahoney Asset Management increased its stake in shares of 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 acquiring an additional 12,172 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock valued at $26,000 after acquiring an additional 14,485 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in GoPro by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock worth $81,000 after acquiring an additional 15,255 shares in the last quarter. 70.09% of the stock is currently 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.