GoPro (NASDAQ:GPRO) Upgraded to Hold at StockNews.com

GoPro (NASDAQ:GPRO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

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

GoPro Stock Performance

Shares of GoPro stock opened at $0.84 on Monday. The firm has a market cap of $130.15 million, a price-to-earnings ratio of -0.30 and a beta of 1.62. The stock’s 50-day moving average is $0.87 and its 200-day moving average is $1.13. GoPro has a one year low of $0.64 and a one year high of $2.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87.

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

Institutional Trading of GoPro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in GoPro by 63.4% during the third quarter. Jane Street Group LLC now owns 493,421 shares of the company’s stock worth $671,000 after acquiring an additional 191,487 shares in the last quarter. State Street Corp raised its holdings in GoPro by 0.5% during the third quarter. State Street Corp now owns 2,533,952 shares of the company’s stock worth $3,446,000 after acquiring an additional 11,454 shares in the last quarter. Barclays PLC raised its holdings in GoPro by 4.0% during the third quarter. Barclays PLC now owns 628,791 shares of the company’s stock worth $855,000 after acquiring an additional 24,044 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in GoPro by 4.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 515,494 shares of the company’s stock worth $562,000 after acquiring an additional 20,141 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in GoPro during the third quarter worth about $35,000. 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.