GoPro (NASDAQ:GPRO) Upgraded by StockNews.com to “Hold” Rating

GoPro (NASDAQ:GPRO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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

GoPro Price Performance

Shares of NASDAQ:GPRO opened at $0.74 on Friday. The company has a market cap of $113.95 million, a price-to-earnings 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. The firm has a 50 day simple moving average of $0.95 and a 200 day simple moving average of $1.16. GoPro has a one year low of $0.68 and a one year high of $2.40.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results 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 net margin of 53.94% and a negative return on equity of 55.77%. Research analysts predict that GoPro will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoPro

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP increased its position in shares of GoPro by 149.4% during the third quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock worth $3,458,000 after buying an additional 1,523,183 shares during the period. Bridgeway Capital Management LLC increased 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 worth $787,000 after buying an additional 379,500 shares during the period. Jane Street Group LLC increased its position in shares of GoPro by 52.4% during the fourth quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock worth $820,000 after buying an additional 258,600 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of GoPro during the fourth quarter worth $221,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GoPro during the fourth quarter worth $191,000. Institutional investors 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.