StockNews.com Downgrades GoPro (NASDAQ:GPRO) to Sell

GoPro (NASDAQ:GPRO) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Sunday.

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

GoPro Stock Up 5.5 %

GoPro stock opened at $0.75 on Friday. The stock’s 50 day moving average price is $0.90 and its 200 day moving average price is $1.14. GoPro has a 1-year low of $0.64 and a 1-year high of $2.40. The company has a market cap of $116.46 million, a PE ratio of -0.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87.

GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). GoPro had a negative return on equity of 55.77% and a negative net margin of 53.94%. On average, sell-side analysts predict that GoPro will post -0.25 EPS for the current fiscal year.

Institutional Trading of GoPro

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of GoPro by 153.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after buying an additional 14,485 shares during the last quarter. RIA Advisory Group LLC purchased a new position in GoPro during the 3rd quarter valued at about $27,000. R Squared Ltd acquired a new position in GoPro during the fourth quarter worth about $27,000. Picton Mahoney Asset Management lifted its holdings in shares of 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 in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of GoPro in the third quarter valued at approximately $35,000. 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.