GoPro’s (GPRO) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of GoPro (NASDAQ:GPRO) in a research note issued to investors on Tuesday,RTT News reports. The brokerage currently has a $0.75 price target on the stock, down from their previous price target of $1.00.

Separately, StockNews.com started coverage on shares of GoPro in a report on Tuesday, April 29th. They issued a “sell” rating for the company.

GoPro Trading Down 1.1%

Shares of GoPro stock opened at $0.60 on Tuesday. The company has a market capitalization of $95.06 million, a P/E ratio of -0.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The company has a fifty day moving average of $0.61 and a 200 day moving average of $0.92. GoPro has a fifty-two week low of $0.40 and a fifty-two week high of $1.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GPRO. Charles Schwab Investment Management Inc. grew its position in shares of GoPro by 132.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,236,823 shares of the company’s stock valued at $2,146,000 after purchasing an additional 1,841,983 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of GoPro by 99.5% during the first quarter. GSA Capital Partners LLP now owns 1,723,421 shares of the company’s stock valued at $1,142,000 after purchasing an additional 859,677 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of GoPro by 110.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after purchasing an additional 379,500 shares in the last quarter. Nuveen LLC purchased a new position in shares of GoPro during the first quarter valued at about $250,000. Finally, Ieq Capital LLC purchased a new position in shares of GoPro during the first quarter valued at about $212,000. Institutional investors own 70.09% of the company’s stock.

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.