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

StockNews.com upgraded shares of GoPro (NASDAQ:GPRO) from a sell rating to a hold rating in a report issued on Monday morning.

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 Stock Down 3.9 %

Shares of NASDAQ GPRO opened at $0.73 on Monday. The stock has a market cap of $113.25 million, a P/E ratio of -0.26 and a beta of 1.62. The business’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $1.12. GoPro has a 12-month low of $0.64 and a 12-month high of $2.32. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

GoPro (NASDAQ:GPRO) last posted 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%. As a group, equities analysts predict that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Trading of GoPro

A number of institutional investors have recently bought and sold shares of GPRO. Tower Research Capital LLC TRC increased its holdings in shares of GoPro by 153.8% in 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 last quarter. R Squared Ltd purchased a new stake in GoPro during the fourth quarter worth approximately $27,000. Intech Investment Management LLC acquired a new position in GoPro in the third quarter valued at approximately $35,000. Picton Mahoney Asset Management increased its stake in GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after purchasing an additional 12,172 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in GoPro by 90.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,134 shares of the company’s stock worth $39,000 after purchasing an additional 17,158 shares in 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.