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

GoPro (NASDAQ:GPRO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Wedbush restated a “neutral” rating and issued a $1.50 target price on shares of GoPro in a research note on Friday, January 31st.

GoPro Stock Down 6.2 %

Shares of NASDAQ GPRO opened at $0.76 on Monday. GoPro has a 12-month low of $0.64 and a 12-month high of $2.32. The stock’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.12. The stock has a market capitalization of $117.82 million, a PE ratio of -0.27 and a beta of 1.62. 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 issued its quarterly earnings data 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%. As a group, analysts expect that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On GoPro

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in GoPro in the 3rd quarter worth $35,000. Prentice Capital Management LP raised its stake in shares of GoPro by 430.4% in the third quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock worth $102,000 after purchasing an additional 61,154 shares during the last quarter. State Street Corp raised its stake in shares of GoPro by 0.5% in 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 last quarter. Jane Street Group LLC boosted its position in GoPro by 63.4% in the third quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock valued at $671,000 after buying an additional 191,487 shares during the last quarter. Finally, Barclays PLC boosted its position in GoPro by 4.0% in the third quarter. Barclays PLC now owns 628,791 shares of the company’s stock valued at $855,000 after buying an additional 24,044 shares during the last quarter. Institutional investors and hedge funds 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.