GoPro Sees Unusually High Options Volume (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO) saw some unusual options trading on Tuesday. Stock investors purchased 7,133 put options on the stock. This represents an increase of 425% compared to the typical volume of 1,359 put options.

Analysts Set New Price Targets

GPRO has been the subject of several analyst reports. Wedbush restated a “neutral” rating and issued a $1.50 target price on shares of GoPro in a report on Friday, January 31st. StockNews.com upgraded GoPro from a “sell” rating to a “hold” rating in a report on Saturday.

GoPro Stock Performance

Shares of GoPro stock opened at $0.66 on Wednesday. GoPro has a 52 week low of $0.64 and a 52 week high of $2.40. The business’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $1.15. The firm has a market cap of $102.24 million, a PE ratio of -0.23 and a beta of 1.62. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

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

Hedge Funds Weigh In On GoPro

Several large investors have recently modified their holdings of GPRO. Tower Research Capital LLC TRC lifted its stake in shares of GoPro by 153.8% in the 4th 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 during the last quarter. R Squared Ltd acquired a new position in GoPro during the 4th quarter worth about $27,000. RIA Advisory Group LLC acquired a new position in GoPro during the 3rd quarter worth about $27,000. Picton Mahoney Asset Management lifted its stake in 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 in the last quarter. Finally, Intech Investment Management LLC acquired a new position in GoPro during the 3rd quarter worth about $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.