GoPro (NASDAQ:GPRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GoPro (NASDAQ:GPRO) from a strong sell rating to a sell rating in a research report report published on Sunday morning.

Separately, Weiss Ratings raised GoPro from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

GoPro Stock Up 1.7%

Shares of GPRO opened at $0.61 on Friday. GoPro has a one year low of $0.57 and a one year high of $3.05. The business’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $0.87. The company has a market capitalization of $112.55 million, a P/E ratio of -0.62 and a beta of 2.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.57 and a quick ratio of 0.35.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The business had revenue of $104.93 million during the quarter, compared to the consensus estimate of $151.47 million. GoPro had a negative net margin of 28.52% and a negative return on equity of 411.41%. As a group, sell-side analysts predict that GoPro will post -0.81 EPS for the current fiscal year.

Institutional Trading of GoPro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in GoPro during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its position in GoPro by 1,295,800.0% during the third 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 period. Kestra Private Wealth Services LLC purchased a new position in GoPro during the third quarter valued at approximately $32,000. Scientech Research LLC acquired a new position in GoPro in the third quarter valued at approximately $36,000. Finally, Sender Co & Partners Inc. purchased a new stake in GoPro in the 3rd quarter worth approximately $55,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

About GoPro

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.