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

StockNews.com downgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a report released on Monday.

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

GoPro Stock Performance

NASDAQ:GPRO opened at $0.49 on Monday. The firm has a market capitalization of $77.11 million, a PE ratio of -0.17 and a beta of 1.54. The firm’s fifty day simple moving average is $0.74 and its 200 day simple moving average is $1.06. 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 has a 1 year low of $0.40 and a 1 year high of $2.02.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.13) earnings per share (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 anticipate that GoPro will post -0.25 EPS for the current year.

Institutional Investors Weigh In On GoPro

Several institutional investors have recently modified their holdings of GPRO. Tower Research Capital LLC TRC increased its stake in GoPro by 153.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock valued at $26,000 after purchasing an additional 14,485 shares in the last quarter. R Squared Ltd acquired a new stake in GoPro in the 4th quarter valued at about $27,000. Picton Mahoney Asset Management increased its holdings in shares of GoPro by 77.4% during the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock worth $30,000 after acquiring an additional 12,172 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of GoPro in the third quarter valued at about $35,000. Finally, MetLife Investment Management LLC raised its holdings 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. 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.