GoPro’s (GPRO) Neutral Rating Reiterated at Wedbush

GoPro (NASDAQ:GPRO)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They currently have a $2.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 7.53% from the stock’s previous close.

GoPro Price Performance

GPRO opened at $1.86 on Tuesday. The company’s 50 day simple moving average is $2.09 and its 200 day simple moving average is $2.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.35 and a current ratio of 1.73. GoPro has a 1 year low of $1.67 and a 1 year high of $4.45. The stock has a market capitalization of $278.81 million, a PE ratio of -5.47 and a beta of 1.43.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. GoPro had a negative net margin of 5.29% and a negative return on equity of 11.66%. The business had revenue of $295.42 million for the quarter, compared to analysts’ expectations of $326.99 million. As a group, sell-side analysts expect that GoPro will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in GoPro by 419.8% during the fourth quarter. Quadrant Capital Group LLC now owns 7,402 shares of the company’s stock valued at $26,000 after buying an additional 5,978 shares in the last quarter. CWM LLC lifted its position in GoPro by 2,680.1% during the fourth quarter. CWM LLC now owns 9,091 shares of the company’s stock valued at $32,000 after buying an additional 8,764 shares in the last quarter. Innealta Capital LLC acquired a new position in GoPro during the fourth quarter valued at approximately $38,000. Simplicity Solutions LLC acquired a new position in GoPro during the third quarter valued at approximately $40,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in GoPro during the third quarter valued at approximately $52,000. 70.09% of the stock is 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.