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

StockNews.com upgraded shares of GoPro (NASDAQ:GPRO) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, Wedbush reaffirmed a “neutral” rating and set a $0.75 target price (down from $1.00) on shares of GoPro in a report on Tuesday.

GoPro Price Performance

NASDAQ:GPRO opened at $0.60 on Tuesday. 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 firm has a market cap of $94.85 million, a price-to-earnings ratio of -0.21 and a beta of 1.39. The company has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.93. GoPro has a 1-year low of $0.40 and a 1-year high of $1.85.

Institutional Investors Weigh In On GoPro

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in GoPro by 14.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock valued at $1,428,000 after acquiring an additional 164,600 shares during the period. MetLife Investment Management LLC grew its stake in 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 period. Connor Clark & Lunn Investment Management Ltd. grew its stake in GoPro by 4.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company’s stock valued at $562,000 after acquiring an additional 20,141 shares during the period. Barclays PLC grew its stake in GoPro by 4.0% in the 3rd quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after acquiring an additional 24,044 shares during the period. Finally, Virtu Financial LLC acquired a new stake in GoPro in the 4th quarter valued at $105,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.