Investors Purchase High Volume of GoPro Call Options (NASDAQ:GPRO)

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) saw unusually large options trading activity on Monday. Investors acquired 7,413 call options on the stock. This is an increase of 334% compared to the average daily volume of 1,710 call options.

Hedge Funds Weigh In On GoPro

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in GoPro by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 127,323 shares of the company's stock valued at $139,000 after purchasing an additional 12,147 shares during the period. Picton Mahoney Asset Management lifted its stake in GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock valued at $30,000 after buying an additional 12,172 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in GoPro by 153.8% in the fourth 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 last quarter. Wells Fargo & Company MN boosted its holdings in shares of GoPro by 26.0% during the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock valued at $81,000 after acquiring an additional 15,255 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of GoPro by 90.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock worth $39,000 after acquiring an additional 17,158 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

GoPro Stock Performance

Shares of NASDAQ GPRO traded down $0.02 during trading on Thursday, reaching $0.85. The stock had a trading volume of 2,168,883 shares, compared to its average volume of 2,619,654. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The stock has a market cap of $133.13 million, a PE ratio of -0.30 and a beta of 1.35. GoPro has a one year low of $0.40 and a one year high of $1.76. The firm's 50 day moving average price is $0.60 and its two-hundred day moving average price is $0.84.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GPRO shares. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Wedbush reissued a "neutral" rating and issued a $0.75 price objective (down from $1.00) on shares of GoPro in a report on Tuesday, May 13th.

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.