GoPro (NASDAQ:GPRO) Downgraded to Sell Rating by StockNews.com

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

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

GoPro Stock Performance

Shares of NASDAQ:GPRO opened at $0.71 on Friday. GoPro has a 52 week low of $0.64 and a 52 week high of $2.40. The stock has a market capitalization of $110.38 million, a P/E ratio of -0.25 and a beta of 1.62. The firm has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $1.14. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect that GoPro will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GPRO. Bridgeway Capital Management LLC grew its position in GoPro by 110.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock worth $787,000 after purchasing an additional 379,500 shares during the last quarter. Jane Street Group LLC raised its position in GoPro by 52.4% in the 4th quarter. Jane Street Group LLC now owns 752,021 shares of the company’s stock valued at $820,000 after purchasing an additional 258,600 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in GoPro in the 4th quarter valued at $221,000. Public Employees Retirement System of Ohio acquired a new position in GoPro in the 4th quarter valued at $191,000. Finally, Renaissance Technologies LLC increased its stake in GoPro by 14.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,310,400 shares of the company’s stock valued at $1,428,000 after buying an additional 164,600 shares during the period. 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.