GoPro, Inc. (NASDAQ:GPRO) Short Interest Down 15.1% in March

GoPro, Inc. (NASDAQ:GPRO) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 18,277,361 shares, a decrease of 15.1% from the March 15th total of 21,528,167 shares. Currently, 13.6% of the company’s stock are short sold. Based on an average daily trading volume, of 3,320,867 shares, the short-interest ratio is currently 5.5 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GPRO. Wall Street Zen upgraded GoPro from a “strong sell” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings restated a “sell (d-)” rating on shares of GoPro in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average target price of $0.75.

GoPro Stock Up 6.7%

GoPro stock traded up $0.08 during mid-day trading on Friday, reaching $1.28. 19,538,681 shares of the company were exchanged, compared to its average volume of 5,111,682. The business has a fifty day moving average of $0.82 and a 200 day moving average of $1.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.91. The firm has a market cap of $210.13 million, a P/E ratio of -2.17 and a beta of 1.65. GoPro has a 12-month low of $0.48 and a 12-month high of $3.05.

GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, March 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $201.67 million for the quarter, compared to analysts’ expectations of $244.69 million. GoPro had a negative return on equity of 72.66% and a negative net margin of 14.35%.GoPro has set its Q1 2026 guidance at -0.230–0.170 EPS. Research analysts anticipate that GoPro will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of GoPro

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of GoPro by 323.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 36,497 shares of the company’s stock valued at $28,000 after purchasing an additional 27,887 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of GoPro during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of GoPro by 1,295,800.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company’s stock valued at $27,000 after purchasing an additional 12,958 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of GoPro by 89.6% during the 2nd quarter. Captrust Financial Advisors now owns 33,041 shares of the company’s stock valued at $25,000 after purchasing an additional 15,618 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of GoPro by 88.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 23,794 shares of the company’s stock valued at $34,000 after purchasing an additional 11,194 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

GoPro Company Profile

GoPro, Inc (NASDAQ: GPRO) is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro’s product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.