GoPro (NASDAQ:GPRO) Stock Rating Reaffirmed by Wedbush

Wedbush restated their neutral rating on shares of GoPro (NASDAQ:GPRO) in a research report released on Tuesday morning, Benzinga reports. They currently have a $2.00 target price on the stock.

GoPro Stock Performance

Shares of GPRO opened at $1.92 on Tuesday. GoPro has a one year low of $1.67 and a one year high of $4.45. The company has a 50-day moving average of $2.08 and a two-hundred day moving average of $2.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.35. The stock has a market cap of $287.81 million, a price-to-earnings ratio of -5.65 and a beta of 1.50.

GoPro (NASDAQ:GPRO) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $295.42 million during the quarter, compared to analyst estimates of $326.99 million. On average, equities research analysts expect that GoPro will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On GoPro

Institutional investors and hedge funds have recently bought and sold shares of the business. Greenlight Capital Inc. boosted its holdings in shares of GoPro by 6.3% during the fourth quarter. Greenlight Capital Inc. now owns 2,823,100 shares of the company’s stock worth $9,796,000 after purchasing an additional 166,640 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of GoPro by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,677,795 shares of the company’s stock valued at $5,822,000 after acquiring an additional 197,046 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of GoPro by 35.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,612,554 shares of the company’s stock worth $5,063,000 after acquiring an additional 421,292 shares during the last quarter. Barclays PLC raised its holdings in shares of GoPro by 15.4% during the third quarter. Barclays PLC now owns 1,120,500 shares of the company’s stock worth $3,517,000 after acquiring an additional 149,369 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in GoPro by 1.8% in the third quarter. Walleye Capital LLC now owns 809,135 shares of the company’s stock valued at $2,541,000 after purchasing an additional 14,382 shares in the last quarter. Hedge funds and other 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.