GoPro (NASDAQ:GPRO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.
Separately, Wedbush reissued a "neutral" rating and issued a $0.75 price target (down previously from $1.00) on shares of GoPro in a research report on Tuesday, May 13th.
Check Out Our Latest Research Report on GoPro
GoPro Trading Down 1.8%
GoPro stock traded down $0.01 during trading on Thursday, hitting $0.58. The company had a trading volume of 1,944,197 shares, compared to its average volume of 2,486,578. GoPro has a 1-year low of $0.40 and a 1-year high of $1.76. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $0.60 and its 200-day simple moving average is $0.89. The stock has a market cap of $90.86 million, a price-to-earnings ratio of -0.20 and a beta of 1.39.
Hedge Funds Weigh In On GoPro
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in 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 buying an additional 14,485 shares during the period. R Squared Ltd purchased a new stake in shares of GoPro during the 4th quarter worth $27,000. Picton Mahoney Asset Management lifted its position in shares of 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 purchasing an additional 12,172 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of GoPro by 90.4% during the 4th quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock worth $39,000 after purchasing an additional 17,158 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of GoPro during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 70.09% of the company's stock.
GoPro Company Profile
(
Get Free Report)
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.
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