GoPro (NASDAQ:GPRO) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of GoPro (NASDAQ:GPRO) from a hold rating to a sell rating in a research report report published on Sunday morning.

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

GoPro Stock Performance

GPRO stock opened at $0.76 on Friday. The stock has a market capitalization of $117.62 million, a PE ratio of -0.27 and a beta of 1.62. The stock’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $1.13. GoPro has a 12-month low of $0.64 and a 12-month high of $2.40. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of GoPro by 153.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company’s stock worth $26,000 after purchasing an additional 14,485 shares during the period. RIA Advisory Group LLC purchased a new stake in GoPro in the 3rd quarter worth $27,000. R Squared Ltd purchased a new stake in GoPro in the 4th quarter worth $27,000. Picton Mahoney Asset Management raised its holdings in GoPro by 77.4% during the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company’s stock valued at $30,000 after acquiring an additional 12,172 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of GoPro in the third quarter valued at about $35,000. 70.09% of the stock is currently owned by institutional investors.

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.